LA - Union - Timberland Income from Lease with Some Hunting & Home Site Potential

80 ac - Union Parish LA Land for Sale - Point Place Road

West of Point, LA

  • Price: $125,000
  • Acres: 80
  • County/Parish: Union
  • Agent: Pat Porter
  • Phone: 318.281.4900
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Location: Situated on Point Place road approx. 0.6 miles north of Hwy 552 west of Point, LA.

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Property Description

80 +/- ac timberland for hunting and possible home site in Union Parish, LA
 
The price got your attention but understand that this tract HAS A TIMBER LEASE IN PLACE on approx. 53 acres until July 2042. It is suited for a long-term cash investment where you earn some return on investment from the lease. Future benefits will be the appreciation of land value and any potential oil/gas activity.
 
The timber is leased by Weyerhaeuser. The landowner gets $20 / acre per year for the lease AND 5% of the market value of the timber that is cut at each thinning and final clear cut. The landowner still has all the rights to the hunting and any mineral development.
 
There are approx. 27 acres not in the lease. These acres are on some high ground south of road and along a cypress brake running north of the road. The 10-11 acres south of the road could be developed for a rural home site.
 
Location: Situated on Point Place road approx. 0.6 miles north of Hwy 552 west of Point, LA.
 
Access: Point Place road
 
Minerals: will convey
 
Legal Description: Situated in Section 31-T20N-R2E, Union Parish, LA
 
Asking Price: $125,000
 
NOTE: Buyer’s agents see the commission information in the footer of the RecLand site.
 
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+ Call Pat Porter on 318.281.4900 or see www.RecLand.net for all our listings