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12 acres Unique Investment Black Walnut Tree Farm Warren NY

$750,000

Description

Multi-million dollar return investment. Black Walnut Tree Farm with 700 trees being grown for commercial wood. Invest in your future!

12 acres land for sale and very rare to the market, this property offers long term investment potential with approximately 500 trees over 17 years (phase 1) and 200 trees at 4 years old (phase 2). Owners have plotted a course for continuing income as trees mature starting in 15 years. Investment potential for phase 1 trees would yield between $3,750,000 to $8,000,000 at today’s prices using Doyle’s Rule for standing tree board feet and a reasonable growth rate.

Ranch style country home consists of large country kitchen, large living room, dining room, TV room with fireplace, laundry room, beautiful sun room off kitchen, enclosed front porch, 3 bedrooms and 2 full baths up, and 1 bedroom with 1/2 bath down in full basement with walk-out doors to back yard. Home is fully landscaped with flower gardens, mature and young maple, birch and variety of pine trees and non-baring apple tree (only one) off the sun room. House is  handicap accessible due to the extra large hallways and doors. Finished two car garage with shelves and storage under stairs to attic (storage).  See “General Information and Room Dimensions” under Property Documents on this listing for more detail.

Other Features:  Large storage shed beyond the garage for equipment storage and covering wood storage, outside gas and diesel storage tanks, propane tank in back. Radon abatement installed in basement 2016.

Beautiful country views from every corner of the property and home looks out over undeveloped Weaver Lake across the road!

10 minutes to Richfield Springs and 20 minutes to Cooperstown, NY.

Property is operated as an agricultural tree farm. Agricultural tax benefits apply!

Priced to sell:  $750,000. Contact Pete Martino 315-269-3487 cell for more information or to schedule a showing.

 

 

Property Documents

Address

  • Town: Warren
  • County: Herkimer County
  • Neighborhood: Warren
  • Country: United States

Detail

Updated on January 9, 2019 at 12:10 pm

  • Property ID: NYOR28
  • Price: $750,000
  • Property Size: 2168 Sq Ft
  • Land Area: 12 acres
  • Bedrooms: 4
  • Bathrooms: 2.5
  • Garage: 1
  • Garage Size: 24 x 22
  • Year Built: 1973
  • Property Type: Commercial Outdoor, Country Homes, Farmland and Farms
  • Property Status: Active

Contact info

Pete Martino, Licensed Real Estate Broker/Owner
Pete Martino, Licensed Real Estate Broker/Owner
315-269-3487
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