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399.9 acres in Liberty County, Texas

10050 FM 1410, Winnie, Texas 77665 - Liberty County
$16,700,000 399.90 Acres
Property ID 1517363

Description

The property is a 400 acre wetland mitigation bank located in Liberty and Chambers Counties, Texas. The bank is located approximately five miles north of I-10 on FM 1410, northwest of Winnie, Texas. The project has been under development since 2010 and is nearing permit approval. The bank is offered for sale with closing upon final approval of permitting, expected in late 2013 or early 2014.

The mitigation credit sales are projected to generate over $31M in mitigation credit sales through the first 15 years of the life of the project. The project is offered for sale at $16,700,000 which represents $750,000 for the 400 acres of land, plus $15,950 for the $31 Million in credit sales, discounted at 10% for the first 15 years of the project.

This property offers an investor the opportunity to buy a fully permitted wetland mitigation bank and reap considerably higher returns than is currently available from agricultural investments. This bank is located in an excellent market area that has high demand for wetland mitigation credits due to the current and projected future levels of oil and gas and pipeline development in the area.

Directions

From Houston drive East on I-10 to FM 1410, then North on FM 1410 for five miles. The property is on the right behind double gates.

Land

Game
Dove
Ducks
Geese
Hog
Quail
Whitetail Deer

Minerals - % Oil & Gas Owned
0

Minerals Available
Water
Wind

Property Type
Farm/Ranch

Soil
Clay

Topography
Flood Plain
Level

Land Type
Crops

Minerals - % Water Owned
100

Present Use
Agriculture
Wetland Mitigation Bank

Proposed Use
Commercial
Wetland Mitigation bank

Special Notes
Flowage Easement
Survey Available

Type of Fence
Partially Fenced

Lot Description
Acreage
Some Trees

Minerals - % Wind Owned
100

Property Tax Exemption
Yes

Road Frontage Desc
Asphalt
State

Surface Rights
Conservation Easement

Tax Data (Show Tax Data)

Other Land for Sale in Liberty County

    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 Lands of America, 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.