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Details about the Land
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| County: Knox |
Type: Acreage |
Acres: 356 |
| Address: |
City: Barbourville |
State: Kentucky |
| Zip: |
Price:
$750,000.00 |
Status: Available |
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Description of the Land
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Great Investment with royality cash income! A 356 ac. tract with cash income of approximately $12,000 / year from 3 oil/gas wells. The property will transfer to new buyer with fee simple title and all royality checks will transfer with property to new buyer. A coal in place tonage of approximately 2,871,610 tons with a recovery rate of 1,421,300 tons. Total coal reserves on todays market are worth $6,219,200.00. Very, very, rare opportunity to purchase this type of energy investment fee simple. |
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Find more property:
Kentucky Land for Sale |
Barbourville, Kentucky Land for Sale |
Knox County Land for Sale
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