Retail

134 acres of managed pine timberland

Herring Creek Rd, Mangohick, VA 23009

$251,700 After Repair Value -
$250,000 Asking Price -
$0 Cost of Repairs =
$1,700 Potential Profit

Property Details

Asking Price $250,000

After Repair Value $251,700

Costs of Repairs $0

Potential Profit $1,700

Living Area N/A

Property Type Land

Bedrooms 1

Bathrooms 1

Half Bathrooms 1

Parking 1

Listed with Agent No

Property Description

This property is located approximately 4.5 miles north of Mangohick, VA and 16 miles from Doswell, VA (exit #98 from Interstate 95). It lies on the line between King William and Caroline Counties, but is taxed only in King William (Tax Map 4-6). It is zoned Agricultural-Conservation and was planted to loblolly pines in 2012 and thinned in 2018 to 450 trees per acre. Access is by private road (locked gate) that runs between Edgar, VA and Keith, VA and goes directly through the property. Title to the property and use of the road is insured by Old Republic National Title Insurance Company. Boundary lines are clearly defined and further evidenced by a 2015 boundary line plat. The topography is flat. It is leased annually to a local hunt club for enough to pay the property taxes. This is prime timberland, actively managed, and a good long-term investment.

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Ned Stephenson

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