For sale

Tillable Investment Opportunity With All Rights Conveyed

Acreage

40 ±

County

Pike

Price Reduced

$279,900

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.

Summary

Property

Road Surface

Pavement

Property Type

Farms, Undeveloped Land, Commercial Land

Road Frontage

State Highway

Approximate Distances

22 Mi	Loogootee
30 Mi	Evansville (East Side)
27 Mi	Jasper

Address Off SR 61, Lot#WP001 Petersburg, IN 47567

View on Google Maps

Details

40 acres with 39.16+/- FSA tillable acres, half reclaimed
Active mine lease, property sold with full owner rights
Nearly 2,600' of road frontage along SR-61 with access to utilities (water, electric, natural gas, sewer)
Well-maintained soils providing consistent, respectable yields