373.7 Acres in Rayville, LA - $2,069,750
373.7 ac approved and pending mitigation land in Richland Parish, LA / 431 ac with adjoining farm land.
This is an excellent long-term investment opportunity. This mitigation bank package consists of approx. 257 ac of approved acres and approx. 116 ac pending approval. The result of final approval of the 116 ac will be approx. 1102 total mitigation credits available for sale.
The Bee Bayou tract (approved 178 ac) has already been planted in bottom land hardwoods. The Cypress Creek (approved 78.8 ac) will be planted in Fall of 2011. The Bee Bayou Phase II (116 ac) is pending final approval.
The current owner has already sold approx. 169 credits at an average of approx. $2200/credit. This is roughly $9350/ac for mitigation acres. Keep in mind, the land still belongs to the owner even when credits are sold. It will continue to grow and increase in overall wildlife habitat. Mineral explor...
The current owner has already sold approx. 169 credits at an average of approx. $2200/credit. This is roughly $9350/ac for mitigation acres. Keep in mind, the land still belongs to the owner even when credits are sold. It will continue to grow and increase in overall wildlife habitat. Mineral exploration can occur in/on the mitigation banks.
Please see the Mitigation Bank Worksheet below and a Spring 2011 article on the Bee Bayou & Cypress Creek banks.
This property cannot be divided or pulled out of the banks. There is an on-going cash and maintenance obligation on mitigation banks. Please make serious inquires to our office for more detailed information.
Note: This tract can be sold with an adjacent 57 acres of irrigated crop land that is also listed with RecLand to provide additional income.
Minerals: Negotiable
Legal: Situated in Sections 17 & 31, T18N, R8E in Richland Parish, LA
Asking Price: $2,069,750
Call 318.281.4900 or see RecLand.net for all our listings.
Directions
Locations: Bee Bayou Bank - Bruce Thomas Road; Cypress Creek Bank - Fortenberry Road
