North Carolina Land for Sale

Gregg Family Timberland

2,165 Acres, Bladen County, NC

Description

2,165 acre timberland investment property for sale in Bladen County, North Carolina. The property is under a long term timber, mineral and hunting lease, providing a net income of $53,379 for 2016. Similar to a NNN investment, the property provides long term income potential with a hands-off management approach. The majority of the yearly property taxes are paid by the lessee. The property is 100% forested and managed for long term loblolly pine timber production. The property also features a cabin with underground power, a shed, sandy loam soils, state road frontage and miles of internal access roads.

Land Features

  • 2,165 acres total
  • 2016 total net income, $53,379
  • Entire tract managed for long term forestry production
  • Timber/mineral/hunting lease until 2033
  • Majority of property taxes paid by lessee
  • 10% royalty on mineral rights
  • Cabin with underground power and shed
  • 4,500' of state road frontage
  • Miles of internal roads
  • Mostly sandy loam soils

Lease Income

  • 2016 timber/mineral lease, $41,023
  • Property tax reimbursement paid by lessee, $15,872
  • 2016 hunting lease, $12,099
  • 2016 cabin lease, $744
  • 2016 total net income, $53,379

Distances to Sawmills

  • 28 miles to West Fraser, Riegelwood
  • 28 miles to International Paper, Riegelwood
  • 73 miles to RockTenn (WestRock), Florence
  • 70 miles to Canfor, Conway

Distances

  • 9 miles to Bolton
  • 13 miles to Clarkton
  • 21 miles to Whiteville

Directions

From Council: Take Elwell Ferry Road north 1.7 miles to the property on the left. Gate is locked, call agent for showing.

Enter your starting address:

Uses

Timber management, hunting, passive income

Coordinates

34.433194, -78.444365

Price

$1,750,000 ($808/acre)

Property Photographs
(click thumbnails to view full size images)

Disclaimer: Information taken from reliable sources and thought to be correct. Potential buyers should perform their own due diligence and verify all information.