60.827+/- acres in Sampson Co, NC
Contract pending as of April 19th.
We are offering a 20.79+/- acre and a 40.037+/- acre parcel for sale in Scotland County, NC. You have the opportunity to purchase an individual parcel or purchase the entire 60.827+/- acres for a reduced price. The 40.037+/- acre property is within the Wagram town limits. These properties offer an investor much opportunity from continued timber production to potential residential development. Together, both properties contain 25+/- acres of 11 year old planted loblolly pine only a few years away from producing timber income from a thinning harvest. The elite pine genetics exhibit a Site Index of 87 on a 25 year basis as compared to the average loblolly pine plantation on private lands in this area likely having a SI of only 70. This means increased quality timber production on some all-weather sandhill land that is advantageous to capturing timbe...
We are offering a 20.79+/- acre and a 40.037+/- acre parcel for sale in Scotland County, NC. You have the opportunity to purchase an individual parcel or purchase the entire 60.827+/- acres for a reduced price. The 40.037+/- acre property is within the Wagram town limits. These properties offer an investor much opportunity from continued timber production to potential residential development. Together, both properties contain 25+/- acres of 11 year old planted loblolly pine only a few years away from producing timber income from a thinning harvest. The elite pine genetics exhibit a Site Index of 87 on a 25 year basis as compared to the average loblolly pine plantation on private lands in this area likely having a SI of only 70. This means increased quality timber production on some all-weather sandhill land that is advantageous to capturing timber market spikes during the winter or unseasonable wet periods when demand is high.
The cut-over land containing 21+/- acres is prime for a loblolly or longleaf pine plantation. One may consider longleaf pine because of Government subsidies that promote its establishment through cost-sharing conservation programs and the fact that it is the preferred pine for straw production at age 10-12. With an opportunity to capture supplement income from straw production coupled with the ability to capture lucrative market spikes during timber harvests, these properties can truly drive your rate of return into double digit gains over a rotation.
The vast amount of road frontage on Second Street and multiple access on Wooley Road makes subdivision for residential development realistic. About 12 acres is low-land, sometimes flooded, making a good water source for waterfowl and game. Hunting and recreation opportunities are abound within close proximity to small town conveniences in Wagram, Laurinburg, and Pinehurst.
Please contact Broker Chris Smith at (919) 495 2187.
20.79+/- acres - $62,000 ($2,982/acre)
40.037+/- acres - $96,000 ($2,398/acre)
Best Deal = 60.827+/- acres - $142,800 ($2,348/acre)
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