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TENNESSE LAND PARCEL WITH MINERAL RIGHTS FOR SALE
BLEDSOE AND RHEA COUNTIES OF SOUTH EASTERN TENNESSEE, Newport, TN 37821
$29,516,250
23,150 AC
Land
Industrial (land)
-
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Last Verified 11/12/2009
Listing ID 16403306
1 Lot Available
Lot 1
$29,516,250
23,150 AC
Industrial (land)
1%
Description
TENNESSEE LAND PACEL WITH MINERAL RIGHTS FOR SALE
23,150-ACRE MINERAL TRACT OF LAND IN BLEDSOE AND RHEA COUNTIES OF SOUTH EASTERN TENNESSEE
Locate in Appalachian Basin Area.
Land involves all mineral rights and a recent reserve study/engineering report
completed in 2007, which covers 6 seams of Coal reserves.
Property has been identified to contain 155,323,530 tons of total estimated on
site Coal reserves.
Coal, Oil and gas reserves undetermined from most recent engineering reports there are
producing oil and gas wells in Rhea County.
Complete engineering report available.
Price $1,275.00 per acre. Priced at : $29,516,250
Contact John C. Starke (804-306-5620) and/or Elaine VonCannon (757-288-4685) of Re/Max Capital for engineering reports.
LARGE WOODED LAND SECTION NEXT TO THE NATIONAL FORREST.
Map of Newport, TN, 37821 - exact location not found
Created 9/21/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.