Income Producing Rock Quarry & Hunting Land
This 156.6 +/- acre property, located 45 minutes from Topeka, KS, includes a fully operational, income producing rock quarry that also offers excellent recreational opportunities. In addition to providing in excess of $20,000 of income in past years, the property also includes an ideal wildlife habitat for the hunting enthusiast; a large (+/- 1.5 acre) pit that offers waterfowl opportunities as well as the option to be stocked with fish; and a second, more shallow, pit that serves as an additional water source for wildlife. Please contact agent to schedule a showing.
59 +/- acres timber/wildlife habitat
27 +/- acres hay ground
3 +/- acres pits
Balance quarry operation
SW 1/4 less ROW, S09, T17, R15E.
Property generates a significant amount of income. Per the owner, the rock quarry lease paid approximately $21,000 in 2016 and recent monthly payments have been in excess of $2,000/mo. Lease payments are made monthly and are based on the amount of material sold from the property.
Property is leased through 3/1/2020, with the tenant possessing one remaining 5-year extension option with a 10% increase in the royalty payment. Per the tenant, approximately 400,000 tons of rock remains to be crushed at the property, which equates to an estimated 10+ years of production.
Tenant is required to reclaim the property within two years of the expiration of the lease.
The quarry operation has already produced two pits, with at least one more likely from future production. The pits could be stocked with fish and already offer waterfowl opportunities. Ducks were present on each of the pits when viewing the property.
Land includes approximately 59 acres of wildlife habitat, including thick timber, cedars, and scrub brush. Significant deer and turkey sign was observed throughout the property.
Once the property has been reclaimed, it could make an ideal build site for a permanent residence or hunting cabin. Electricity is currently present and rural water is believed to be available (but should be confirmed by buyer).
Parcel also includes +/- 27 acres of hay pasture that could offer additional income until the quarry is expanded to that portion of the property.
Property is located less than 15 minutes from both Osage City and Lyndon, 45 minutes from Topeka, and less than 1:30 from the KC metro.
Please contact agent to schedule a showing.
Other Lease Income: $20,000
TOTAL ESTIMATED INCOME: $20,000
Taxes: $5,123/year (2018)
Listing ID#: 796317