Land for Sale - Mehoopany, PA 18629 - 1406.51 acres

1406.51 Acres w/ Gas Rights and Miles of Riverfront

Mehoopany, PA | Lat/Lng:  41.5984, -76.1100

$42,900,000
1406.51 ac.
06/09/2020
ACTIVE
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Description

1406.51 +/- Acres Data Center, Power Plant, Originally Assembled for Nuclear Power Plant 1,406 ACRE GATED, PRIVATE UNDEVELOPED INDUSTRIAL/COMMERCIAL PROPERTY PERFECT FOR A DATA CENTER CAMPUS. NO LOCAL ZONING = MANY POTENTIAL USES. 3.2 +/- MILES OF SUSQUEHANNA RIVER FRONTAGE. 1.32 +/- MILES OF RAILROAD FRONTAGE. 4.6 +/- MILES OF ROAD FRONTAGE LOCATED IN MEHOOPANY, MESHOPPEN, AND WINDHAM TOWNSHIPS, NORTHWEST WYOMING COUNTY, NORTHEASTERN PENNSYLVANIA (the "PROPERTY") Highlights Property comes with all Marcellus, Utica, Upper Devonian and other Shale Gas Rights with Potential Undeveloped Reserves Estimate of 200 +/- BCF EUR or greater. 200 +/- BCF EUR at a 5/9/25 Henry Hub price of $3.79 would be $758 million in gross revenue for the Marcellus shale layer. Seller makes no representations or warranties as to actual reserves of natural gas, oil, and associated hydrocarbons. The Property has not been leased for natural gas and oil extraction although dozens of offers to lease and/or purchase have been received. The Property can potentially be drilled from a 20 +/- acre surface pad utilizing underground laterals to extract gas via fracking and thus approximately 98% +/- of the surface can be utilized for other uses. Surface land potential for Energy Intensive Data Center, Manufacturers, Gas Fired Power Plant, Gas-to-Liquids Processing, a major theme park, or mixed use development. Approximately 2 miles from Proctor & Gamble's huge Mehoopany Paper Products Plant. Located near major pipelines. May be approximately 2 Miles from The Auburn Gathering System. Approximately 6-7 miles from the Tennessee Pipeline. Approximately 30 miles from the Transco pipeline, and approximately 10-12 miles from the Williams Springville Gathering line. Buyer to confirm where these pipelines are located with respect to the Property. Solar and Wind Turbine Rights: Property has not been leased for solar. Site potentially can be utilized for a 400-800 acre utility scale solar farm. Two nearby PJM Interconnection Paths may potentially be available for Electrical Power Distribution. (Buyer to confirm numbers and location of potential PJM connections.) Property comes with all mineral rights including Pennsylvania Bluestone (flagstone), Sand, Shale, & Gravel. Nearby Susquehanna riverfront properties have former and existing sand & gravel quarries. Site is adjacent to an operating bluestone quarry. Seller makes no representations or warranties as to quality or quantity of these reserves. Potential Groundwater Plus Possible Direct Withdrawal from 3.2 +/- miles of Susquehanna Riverfront via permit. Seller makes no representation or warranties as to the quantity, quality, or availability of water resources. Wind Power: Site has not been leased for wind turbines. All wind power rights intact. Nearby is an operating wind farm. The acreage could be in a sweet spot of the NEPA Marcellus according to Chesapeake's "Core of the Core" Map and located in the Range Resources "Super-Rich" core. Some of the top wells in Wyoming County, PA are within a few miles of the Property. 80 +/- acres of farmland. Additional land can potentially be placed back into farm production. Timber: Site produces annual income from logging. Seller makes no representations or warranties as to quantity or quality of timber. Annual revenue from hunting leases plus potential farm lease. No local zoning. Multiple uses possible. 3.2 +/- miles of Susquehanna River riverfront. Potential for small scale hydroelectric plant (if permits are obtained) as land is owned on both sides of the Susquehanna River. Railroad frontage. The property contains approximately 1.32 +/- miles of railroad frontage. NOTE: All properties are posted against trespassing. Any visits to the property must be by appointment and accompanied by a representative of the Seller. Trespassers will be prosecuted. All site visitors must sign liability waivers. All potential Interested Parties must be financially prequalified before site visits. Because the Property was assembled under the threat of eminent domain, it would be nearly impossible to duplicate it today. The Property encompasses most of the former farming village of Scottsville, Pennsylvania. A large power company acquired the site in the late 60's or early 70's for a potential nuclear power plant site. The village of Scottsville at the Property was demolished leaving only foundations of homes hidden today by forest. Scottsville was originally known as Hemlock Bottom and was first inhabited in 1787 by settlers from Connecticut. Farming was the major occupation. The land remained vacant from the 70s and was purchased in 2004 by one of the conservancies we manage. The power company timbered it occasionally, it was leased to local farmers, and also leased to the Pennsylvania Game Commission for use in public hunting. Currently the Property is leased on an annual basis to private hunt clubs and is timbered and has previously been leased for farming. That's the history of the 1,406 acres from the late 1700s to today. Survey: The Property has been surveyed as per ALTA/ACSM standards in 2004. Zoning: There is no local zoning in the three townships where the Property is located: Meshoppen, Mehoopany, and Windham Townships, Wyoming County, Pennsylvania although that could change at anytime. The subdivision and land development in those townships is regulated by Wyoming County through its Planning Commission. Sand, Gravel, Shale, and Bluestone: The Property contains potential deposits of sand, gravel, shale, and bluestone, however, no mineral assay was performed and no representations or warranties are made as to the quality or quantity of these reserves. The Property contains a very small, old, non-operating, small bluestone (flagstone) quarry North of the River and is contiguous to an existing operating bluestone quarry South of the River. Some sand and gravel mines in Wyoming County are located adjacent to the River. Leases on Property: Property is presently leased for hunting on a year-to-year basis. Approximately 80 +/- acres of farmland exist and can potentially be leased. Some of the farmland is Wyoming County River "flats". River flats are generally considered by many farmers to be good farmland in Wyoming County. Several additional areas of the Property have been previously farmed and can potentially be put back into working farmland. All leases terminate annually. Susquehanna River ("River") Frontage. The Property, as per a 2004 survey, has a riparian meander distance of 7,185 feet of frontage along the northeasterly side of the Susquehanna River and a riparian meander distance of 9,672 feet of frontage along the southwesterly side of the Susquehanna River. Railroad: There is no rail service to the bulk of the Property which lies South of the Susquehanna River. The Property on the North side of the River is contiguous to the Blue Mountain Reading and Northern Railroad with 1.32 +/- miles of railroad. Wind and Solar: The Property has not been leased for wind and solar. BP has or had a wind farm located wholly or partially in Mehoopany Township (part of the Property is located in Mehoopany Township). The BP wind farm has or had 88 turbines and is a few miles from Property. Hunting: The heavily wooded forest, with habitats and varieties of habitats (mature forest, new growth, mixed forest, field, river, ponds, farmlands, etc.) provide for a good hunting experience. The land is leased each year by hunting clubs. The site has deer, bear, turkey, grouse, geese, ducks, and squirrels, plus coyote, doves, rabbit and other small game are available. Fishing: The Susquehanna River is well known in the northeast for its Small Mouth Bass, Walleye, and Muskie fisheries. Taxes: $4,622.62 (2022): Property is enrolled in Wyoming County Clean & Green, a preferential tax assessment program that bases property taxes on use values rather than fair market values. This ordinarily results in a tax savings for landowners. A change in use of the Property may trigger Rollback Clean & Green Taxes due by the Buyer upon the change of use. IMPORTANT PROPERTY INFORMATION, TERMS, CONDITIONS, AND DISCLAIMERS (REV. 5/23/2022) Negotiation and Purchase and Sale Agreement. Any sale of the property described herein (the Property) is subject to a mutually agreeable purchase and sale agreement (an AOS) drafted by Seller which shall not be legally binding upon Seller unless and until it is fully executed and accepted in writing by both Buyer and Seller (hereinafter sometimes referred to as the Parties) with original signatures by the Parties. Until a fully executed AOS is exchanged, Seller is under no obligation to continue any negotiations with a prospective Buyer, and Seller reserves the right to discontinue all negotiations at any time up to the point an agreement is fully executed and exchanged unless otherwise agreed to in writing with original signatures by the Parties. Buyer may do likewise at any time up to the point an AOS containing the original signatures of the Parties is exchanged unless otherwise agreed to in writing. Unless otherwise agreed to in writing with original signatures by the Parties, Seller and Buyer shall bear its respective costs, including but not limited to due diligence and attorneys fees incurred during the negotiation process and under no circumstances may Seller be held liable as a consequence of its termination for any reason or no reason of negotiations prior to the execution and exchange of a mutually acceptable AOS. No Real Estate Brokers Agreements will be accepted. Transfer Tax. Buyer shall be responsible to pay all Pennsylvania real estate transfer taxes due at the time of closing. Sales Price. The sales price for the Property shall be payable in United States dollars in certified bank funds or via a wire transfer(s) before or at the closing of any transaction and no other currencies or virtual currencies will be accepte

Details

CountyWyoming
Zipcode18629
Property Type OneRecreational Property
Property Type TwoTimberland
Property Type ThreeCommercial Property
BrokerageRandall Skuba
Brokerage Linkhttps://land.com
Randall Skuba
Randall Skuba
(570) 410-9138
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