261 ac - Madison Parish LA Irrigated Farm for Sale - McCoy Road - PRICE REDUCED
West of Tallulah, LA
261 +/- ac Irrigated Farm in Madison Parish, LA
This farm is located between Tallulah and Waverly on the north side of I-20 and Hwy 80. It offers almost 250 tillable acres per FSA data. The remaining acres are in large hardwoods along the bank of the bayou bordering the west boundary, a small strip of woods along the south boundary, and ditches. These wooded acres, along with its location in Madison parish, can provide good deer hunting or hunting lease income for the owner.
Almost all the 250 +/- tillable acres are watered by way of 8 electric wells – most with underground power – situated throughout the tract to utilize the rolling ground and poly pipe for row fall irrigation. A gravel road runs the entire length of the north boundary providing all-weather access.
The farm currently leases at a rate that provides around 2.5% return at the asking price! This lease could likely carry over for a new owner if desired or the new owner could negotiate his own lease or farm the property himself. The current lease is year-to-year and held by a quality operator.
The farm has been very productive according to the owner and recent yield reports. The soil is composed of primarily Sharkey clay and a Tensas-Sharkey complex.
Note: There appears to be more than 261 acres in the tract according to GIS mapping software, but the legal description of record will be used, and it calls out 261 +/-. The farm’s boundaries are well-defined on the ground with the bayou, the public road, and a well-established turnrow on the east.
Location: Situated on the south side of McCoy road. From the grain bins on Hwy 80 at Waverly, go east approx. 9.6 miles to West Bear Lake road to the left (north). On W. Bear Lake road, go approx. 2.4 miles to McCoy road to the right (east) just before the Bear Lake dam. The property starts at the intersection of W. Bear Lake and McCoy and runs over ¼ mile to orange flagging at a turnrow on the east boundary of the farm.
Minerals: negotiable
Price: $1,850,000
Note: Buyer’s agents see the commission information in the footer of the RecLand site.
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318.281.4900
office@recland.net
410 Olive Street, Monroe, LA 71201
RecLand Realty, LLC is a licensed land broker in Louisiana, Arkansas, Mississippi, Texas, Iowa & Missouri. We specialize in selling hunting land, timber land, farms & ranches. Please give us a call to discuss how we can help you buy or sell land.
Notice to buyer's representative: RecLand has a history of fairly cooperating with other brokerages. And in an effort to continue this cooperation without issue, the following policy is in place for any buyer's agent: Any buyers agent, if applicable, must be identified on the first contact with RecLand, and/or any of its agents, and must be present at the initial showing of the listed property with the prospective real estate investor - unless another agreement / arrangement is reached with the RecLand listing agent - in order to participate in RecLand's real estate commission. If this condition is not met, any fee participation from the RecLand commission will be at the sole discretion of RecLand Realty.
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