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Petersburg,IN 47567
Key Details
Property Type Vacant Land
Sub Type Agricultural Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202438614
Annual Tax Amount $446
Tax Year 2024
Lot Size 40.000 Acres
Property Description
Located along State Road 61 on the Pike/Warrick County line, this 40-acre property offers a prime investment opportunity. With 39.16+/- FSA tillable acres, about half of which has been reclaimed, this land is currently under an active mine lease. The property is sold with all the owner's rights, making it a valuable long-term asset. While the property may not be ideal for immediate building, it features nearly 2,600 feet of road frontage along SR-61, providing access to water, electric, natural gas, and sewer utilities. This infrastructure suggests future potential once mining operations conclude, opening doors for development or other uses. The farm's soils, though partially reclaimed, have been well-maintained by the current farmer and continue to deliver consistent, respectable crop yields. This makes it an attractive option for those seeking both agricultural productivity and long-term investment potential. With excellent road frontage, utilities in place, and potential post-mining opportunities, this property presents a unique opportunity for investors.
Location
State IN
County Pike County
Area Pike County
Building
New Construction No
Schools
Elementary Schools Petersburg
Middle Schools Pike Central
High Schools Pike Central
School District Pike County School Corp.