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Property ID: 998254 Gilmer, Texas | Upshur County
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Land for Sale near Gilmer, Texas - Upshur County

Main Photo

1-Location Map of Property
2-2009 Aerial
Aeiral.jpg
Frontage Along Hwy 154
Lake_1
Lake_2
Lake_3
Lake_4
Little Cypress Creek
Mature Pine Plantation
Merchantable Pine Plantation
Natural Pine Stand
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  1. Property Information.pdf
Details about the Land
County: Upshur Type: Acreage Acres: 2228
Address: City: Gilmer State: Texas
Zip: 75644 Price: $6,675,000.00 Status: Available
Description of the Land
TERMS OF SALE:

**Property Being Offered as a Whole or in Parts**

Asking Price: $6,675,000. Offers on individual parcels will be evaluated on a parcel by parcel basis.

PROPERTY DESCRIBTION:
Approximatley 2,228 contiguous acres of gorgeous East Texas timberland situated 12 miles North of Longview in the rolling hills of Upshur County. This one-of-a-kind property features it's own private lake stocked with Florida Bass and 5.5 miles of beautiful frontage along Little Cypress Creek. With over 2.5 miles of road frontage--approximately 0.5 miles of frontage on Hwy 154, approximately 1 mile of frontage on FM 555, and approximately 1 mile of frontage on Azalea Road--and with it's additional 60 acre potential lake-site, this property offers a buyer a great recreational tract with significant rural residential potential. Another compelling attribute of this property is the considerable amount of timber value growing on the property which can be monetized to generate significant near-term cashflows for the buyer.

KEY FEATURES:
14 acre managed lake, stocked with Florida bass
An additional 60 acre lake-site
Beautiful frontage along Little Cypress Creek (approximately 5.5 miles of frontage)
Well developed road system throughout property
Significant timber value growing on property
Successful subdivision development just across the street
Located 12 miles North of Longview, TX
Located 30 miles Northeast of Tyler, TX
Located 60 miles West of Shreveport, LA
Located 100 miles East of Dallas, TX

TIMBER INFORMATION:

Acres by Cover Type:
Upland Pine...........745 acres (33%)
Pine/Hardwood.........735 acres (33%)
Bottomland Hardwood...725 acres (33%)
Water................. 23 acres (1%)

Merchantalbe Timber Inventory:
Cruise Date: 9/8/2006 (Volumes have NOT been adjusted for growth)
Pine Sawtimber.........37,119 tons
Pine Pulpwood..........12,489 tons
Hardwood Sawtimber.....790 tons
Hardwood Pulpwood......8,121 tons
* Timber Inventory was not conducted on a property wide basis. The owner broke the property into stratas/compartments, and only those statas containing considerable timber were inventoried.
** It is estimated that approximately $400,000 to $500,000 of additional hardwood timber is growing in stratas not inventoried.
*** Additional timber inventory information available upon request--i.e., cruise maps, stand tables, etc.

REAL ESTATE AGENT PARTICIPATION:
The property will not be listed, but Eagle Land & Timber will enter in to non-exclusive one-time showing agreements with licensed real estate agents who are representing qualified prospects for this property. If the real estate agent has a client that expresses a direct interest in the tract, then the agent should contact Eagle Land & Timber about executing a non-exclusive one time showing agreement. If Eagle Land & Timber should complete a sale of this property to the registered client within 6 months from the date of the agreement, Eagle will pay a 2% commission on gross sale proceeds to the real estate agent involved. The real estate agent should ascertain whether or not his prospect has previously contacted Eagle concerning this property before agent requests a one-time showing agreement.

Gilmer, Texas, 75644

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Land

Barn Information
Barn(s)
Electric to Barn

Game
Ducks
Hog
Turkey
Whitetail Deer

Number of Lakes (water over 5 acres)
1

Property Type
Farm/Ranch

Easements
Electric
Pipe Line
Telephone

Land Type
Crops

Present Use
Hunting/Fishing

Road Frontage Desc
Asphalt
FM Road
U.S. Highway

Fish
Bass

Lot Description
Acreage

Property Tax Exemption
Yes

Will Subdivide
Yes


Contact Information

Company: Louisiana Timber Partners, LLC
Contact Name: Richard Crowell
Email: Click here to email contact
Phone Number: 318.220.9553
Fax: 318.222.2696
333 Texas Street
Suite 2300
Shreveport, LA 71101


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NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by LandsofAmerica.com, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.