Powell Road Tract

Description

Located between Greenville and New Bern, NC, this wooded property is currently generating $12,000 of yearly income (minimally) through a pine straw lease. The owner has taken exceptional care of this property. The raked stands have been manicured and all roads are kept mowed and in great shape. The property includes planted loblolly pine and longleaf pine from 1.5 to 15 years old together with a nice barn. There are 2.5 to 3.5 miles of groomed trails providing access throughout the land. The tract has 1,300 feet along Powell Road and 3,400 feet along Swift Creek.

The property is located about 15 minutes to New Bern and Greenville. No mobile homes or commercial livestock operations are allowed. Subject to a cell phone tower lease (just off Powell Road).

Timber Stands

Currently, 34.8 acres are under a pine straw lease. An additional 48.7 acres will be available for lease within the next 3 years. The remainder of the tract contains a mixture of planted loblolly pine and cypress which can be managed for timber production.

Stand #	Size (ac)	Primary Species	Age	Raked ?
1	16.4	loblolly	15	see note
2	23.7	cypress	4	n/a
3	7.7	loblolly	10	yes
4	7.4	loblolly	9	see note
5	10.0	loblolly	7	see note
6	4.7	loblolly	3	2010
7	20.7	loblolly	1	2013
8	54.6	loblolly & cypress	17	n/a
9	27.1	longleaf	10	yes
10	8.4	longleaf	8	2008
11	9.0	longleaf	5	2009
12	5.9	lob & longleaf	3	2011
13	1.9	non forest	n/a	n/a

*Note: These stands could be raked in the future upon cleanup.

Directions

From Greenville: Take Highway 43 south. After crossing over Highway 102, continue on Highway 43 for 4.7 miles and turn right on Powell Road (SR 1411). Go .8 miles and the property is on the right.

Uses

Pine straw raking business, home site, timber, hunting and recreation.

Price

$669,000

Property Photographs
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