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Listed by Nick Gadwood • NextHome Gadwood Group
$ 1,500,000
Est. payment | /mo
158.92 Acres Lot
$ 1,500,000
Est. payment | /mo
158.92 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2620369
Annual Tax Amount $911
Lot Size 158.920 Acres
Acres 158.92
Property Sub-Type Unimproved Land
Source hmls
Property Description
A rare, income-producing rural property in one of the fastest-growing suburban corridors in the Midwest. This 159-acre Kansas farm provides multiple income streams — active oil production, farm lease, Documented hay production and exceptional hunting ground — while sitting just 35 miles from Overland Park, 10 Miles from Hillsdale Lake and a 1/2 mile from Blacktop. This property is exceptional featuring 23 Dry land acres, 136 acres of established tame grass — ready for cattle immediately and Two Ponds. The property has electricity and rural water already established. Multiple outbuildings including 64 x 40 Utility Building in great shape. The seller holds an 87.5% working interest in the oil leases — meaning the buyer steps into an ownership stake in active oil production. The entire service infrastructure was selected for hands-off ownership and transitions seamlessly to a new owner. Currently the property has 38 active wellbores with Up to 50 wells possible on the property to increase production. This is a one of a kind property perfect for the farmer, hunter, homesteader or investor looking for a great tract of land with multiple income streams.
Location
State KS
County Miami
Zoning AG
Interior
Equipment Equipment Included, Negotiable, Partial Equip Incl
Fireplace N
Exterior
Fence Perimeter
Utilities Available Electric to Site
Building
Lot Description Acreage, Corner Lot, Pond(s)
Sewer Septic Tank
Water Rural
Schools
School District Paola
Others
Acceptable Financing Cash, Conventional, USDA Loan, VA Loan
Listing Terms Cash, Conventional, USDA Loan, VA Loan
Nearby Locations
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Cody Newsom
Agent | Lic# 2021030805