If you’re in the market for a new investment, consider purchasing an entire town instead of a single home. Lobo, TX, a small territory in Texas, is currently up for sale and is priced lower than most homes. The town, which is located 130 miles southeast of El Paso and 57 miles away from Marfa, is like stepping into an artist’s dream.
Lobo has been abandoned since 1991, but a small group of German artists purchased the town in 2001 and have been hosting various art, music, and short film events to bring the area back to life. Now, after 20 years, the town is listed for only $100,000, and the owners are seeking a buyer with a unique vision for Lobo’s future.
The 10-acre land is located near Jeff Bezos’ Blue Origin spaceport and the Guadalupe and Big Bend national parks. There are several structures in the area, including a former motel, grocery store, post office, gas station, restaurant, and other houses.
The listing warns that Lobo is not for everyone, but it offers a unique experience of camping under the stars, isolation, and still being within a 20-minute drive to a grocery store, gas stations, and a McDonald’s. If you’re interested in this project, an open house will be held during the Memorial Day weekend, so you can see the town for yourself.
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