Hwy 400 & Z50 , Fall River, KS 67047(Greenwood County)

This property totals 138 +/- acres and offers many highly desirable characteristics in regards to income potential, location, topography change, and utility availability. This parcel is located within 1.5-miles of Fall River Reservoir and within 1-mile of Fall River State Park. The property has paved road access on its southern border via HWY 400 offering quick access from the Wichita area. Additionally, the property has paved road access on its eastern border that runs directly north to Fall River Reservoir. This location, combined with paved road access, offers quick and easy access to endless fishing, boating, and camping opportunities at Fall River State Park.

In addition to having paved road access near Fall River Reservoir the parcel is blessed with good access to public utilities and wonderful topography change. Rural water and electrical service both run along the eastern border of the property (please contract Greenwood Rural Water District #1 at 620-583-7181 to verify water availability and capacity). Good access to utilities, combined with tremendous topography change, create a wonderful location to build a forever home or getaway cabin looking over Slate Creek valley to the south and east. The property includes over 80 of topography change from the NW corner of the property to the lower areas in the south and east. The property includes two timbered draws offering deer, quail, and predator hunting opportunities along with a nice pond for fishing and shooting ducks and geese loafing between Fall River Reservoir and crop fields along the creek to the south of this property.

In addition to a wonderful location, good access to utilities, and wonderful views the property also offers tremendous income potential with grazing income, cell tower income, and hunting lease income potential. The property is composed of native grass warm season pasture with moderate roll. The tract includes one good sized pond in the middle of the property in addition to wet weather draws in the SW and NE portions of the property. Western, southern, and eastern fences are generally of average to above average quality with the northern fence being of fair quality.

In addition to grazing and hunting lease income potential on the property a cell tower with excellent income is present. The tower lease is a 25-year lease with potential for a 25-year extension at expiration of the current lease. The current lease went into effect in 2008 with an initial lease payment of $3000/year (2022 payment was $3968) to the landowner with payments increasing 15% every 5 years. The last 10-years of the lease will include annual payments of $4563/year for 5-years and $5247/year for the remaining 5-years). Another good opportunity to increase income would be to build RV and boat storage units on the property. These units would be highly desirable given their location to Fall River Lake combined with having paved road access and utilities.

You arent going to want to miss your chance to purchase this attractive Greenwood County parcel. Whether you are an existing operator, are a couple looking to build a forever home or getaway cabin, or are looking for a property with good ROI and income potential this would be a wonderful parcel to add to your investment portfolio. Please call Henry Ott today at 620-437-7340 to set up your property showing!

Taxes: $536.50 for 2022

Property Location: Property is located 1.5-miles south of Fall River Lake at the intersection of HWY 400 and Cummings / Z50 Rd.

Legal: NW4 less ROW in Section 9-28S-12E of the 6th PM; Greenwood County, KS (138 +/- acres)