North Carolina Land for Sale

Gregg Family Timberland

2,165 Acres, Bladen County, NC

under contract

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.

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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.