293.479 ACRES, PANOLA COUNTY, TEXAS

Vacant Land for Sale
Catylist Listing ID: 30655341
Property Subtypes: Agricultural, Other
Gross Land Area: 293.48 Acres
Sale Price: $575,000
Unit Price: $1,959 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/8/2020

Overview / Comments

Situated just north of Gary City, Texas this +/- 293.479 acres offers a diverse timber and recreational opportunity. Offering near and long term rotational timber income opportunity this tract consist of pine plantations ranging from 7 year to 30 years of age, with areas of native hardwood/pine timber, and a mix of plantation and natural regenerating hardwood bottomland along Murvaul Creek.

Access:

The property is situated between U.S. Hwy 59 and FM roadway 10 being connected by county road 121. Traveling county road 121 the property is accessed via County Road 1212, traveling south.

Timber:

The property is a mixture of pine plantations and native timber stands. Approximately 62 acres having been planted in pine plantation in 2015, estimated 40.8 acres planted pine plantation in 2013, and approximately 22 acres of 1990 pine plantation.

There is an estimated 32 acres of native pine and hardwood running along portions of the eastern property boundary, with the southern portions of the property containing an estimated 62 acres naturally regenerating hardwood bottomland. An additional estimated 39 acre portion of bottomland was reforested in Cherrybark and water oak seedlings in Feb, 2015.

Water:

The southern boundary of the property meanders with Murvaul Creek, and offers multiple sloughs traversing across areas of the southern portions of the property.

Utilities:

No utilities are currently installed on the property, but community water meters are located on CR 121, and electricity lines are located just north of the property boundary at county road 1212.

Additional Details

Nearest MSA: Longview
County: Panola
Taxing Authority: Panola County
Tax ID/APN: 13423, 13422
Zoning: RURAL
Property Located Between: Nacogdoches and Carthage
Legal Description: 293.479 acres, being Parcel ID: 13423, 268.128 ac, AB 432 E. Morris Survey, P-85, and ID: 13422, 25.351 ac, AB 271 I Hanks Survey, P 109, Panola County, Texas
Largest Nearby Street: U.S. Hwy 59
Site Description: Mixture of native timber and pine plantation.
In Flood Plain?: Yes
Topography: Rolling
Easements: Pipelines
Available Utilities: Other
Water Service: Other
Sewer Type: None

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 817 3,322
Median Age: 42.34 43.56
Households: 322 1,322

Contact

Photograph of Listing Agent

Bradley Wilson

Center, TX
LACDB Member
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