Land for Sale - Off SR 61, Lot#WP001, Petersburg, IN 47567 - 40.0 acres

Tillable Investment Opportunity With All Rights Conveyed

Off SR 61, Lot#WP001, Petersburg, IN | Lat/Lng:  38.2331, -87.2685

$299,900
40 ac.
10/05/2024
ACTIVE
Main Listing ImageMain Listing Image

Description

Located along State Road 61 on the Pike/Warrick County line, this 40-acre property offers a prime investment opportunity. With 39.16+/- FSA tillable acres, about half of which has been reclaimed, this land is currently under an active mine lease. The property is sold with all the owner's rights, making it a valuable long-term asset. While the property may not be ideal for immediate building, it features nearly 2,600 feet of road frontage along SR-61, providing access to water, electric, natural gas, and sewer utilities. This infrastructure suggests future potential once mining operations conclude, opening doors for development or other uses. The farm's soils, though partially reclaimed, have been well-maintained by the current farmer and continue to deliver consistent, respectable crop yields. This makes it an attractive option for those seeking both agricultural productivity and long-term investment potential. With excellent road frontage, utilities in place, and potential post-mining opportunities, this property presents a unique opportunity for investors.

Details

CountyPike
Zipcode47567
Property Type OneFarms
Property Type TwoUndeveloped Land
Property Type ThreeCommercial Property
BrokerageWhitetail Properties Real Estate
Brokerage Linkwww.whitetailproperties.com/agents/zach-holt
Land Listing Agent Photo
Agent: Zach Holt
Contact Agent:Email Land Listing Agent
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