This property is an excellent combination of timberland investment and recreational property, with some residential development potential. The property is predominantly loblolly pine planted in 1998 126 acres thinned and 2006 127.2 acres. The balance of the tract, 18 acres, is mixed bottomland hardwoods along the internal streams and drains. The tract has approximately 2,000 feet of frontage on VA Highway 40 and generally flat to rolling topography. The property lines are marked with red/orange paint and are readily identifiable on the ground.
Additional timberland is available with the purchase of adjoining tract 9869, being 264 acres located to the east of tract 9873. List price is $455,136 $1,724/Acre. See web site for information on this tract.
The property has easy access from VA Highway 10 and Highway 460 from both the Petersburg and Norfolk/Va. Beach areas. The state road frontage provides an opportunity for future subdivision of the tract for rural residential use. It has great recreational uses such as hunting and 4-wheeling, as well as future timberland cash-flows from the two distinct pine age classes. Soils series are predominantly Craven-Slagle, Jedburg and Nevarc-Remlik complex, which provide good timber growth potential site index 80 to 100 base age 50, and all of these soils are classified as prime farmland or farmland of statewide importance by the Usda Nrcs.
From the intersection of Highway 10 and Highway 40 at Spring Grove, VA, drive south towards Waverly approximately 2 miles and the tract is on the left. From Waverly, drive north on Highway 40 approximately 10 miles and the tract is on your right (address ~ 7078 Martin Luther King Hwy., Spring Grove, VA 23881).