178.55 Acres in Rayville, LA - $595,000
178.55 ac established mitigation bank in Richland Parish, LA
This is an excellent long-term investment opportunity. This mitigation bank consists of approx. 178 ac of approved, planted and restored acres. See Mitigation Data Sheet for total credits available.
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. Minerals can be leased on the tract as on any other land.
Please see the Mitigation Bank Data Sheet below and a Spring 2011 article on the Bee Bayou & Cypress Creek banks. (Note: Cypress Creek is an 80 ac approved bank and is a separate listing).
This property cannot be divided or pulled out of the approved bank. There is an on-going cash and maintenance ...
This property cannot be divided or pulled out of the approved bank. There is an on-going cash and maintenance obligation on mitigation banks. Please make serious inquires to our office for more detailed information.
Minerals: Negotiable
Legal: Situated in Section 31, T18N, R8E in Richland Parish, LA
Locations: Bee Bayou Bank - Off Bruce Thomas Road
Asking Price: $595,000
Note: Seller will sell an ownership interest of 45% or 55% of the total mitigation package (this tract plus the 80 ac Cypress Creek tract) at $600,000 and $650,000, respectively. Minerals can be included, too.
Call 318.281.4900 or see the RecLand website for all our listings.
