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207 Lick Fork Lane, Pioneer, 37847
Priced At: $17,500,000
Property Details for ID: 1274841
MLS Status: Active
Property Type: Land
On Market Date: 2024-08-30T12:18:26Z
Public Remarks: Discover a remarkable investment opportunity with this expansive 8,128-acre property located in Campbell and Scott Counties, TN. This prime land boasts extensive deposits of Sub-Bituminous B & Blue Gem Coal, as well as dimension stone mining potential. Elk Valley, a standout feature of the tract, is renowned for having the largest proven underground reserve of Blue Gem Coal in the Southern Appalachian Mountains. This rare coal, essential for producing clean technologies such as solar panels and cell phones, is currently valued at approximately $350 per ton. In addition to its coal reserves, the property includes operational natural gas wells with potential for further expansion, enhancing its investment appeal. The land also offers significant recreational and development opportunities, including long-range views and abundant wildlife such as elk, deer, turkey, and bear. This makes it ideal for recreational use and hunting, with potential for additional income from hunting leases. The property's proximity to I-75 ensures easy access, and essential services like electricity, water, fiber, and cable are available nearby. This tract is a child listing to 15,491 acres and offered as other options ofâ€'4,115 acres, 1,976 acres, and 1,272 acres. Dimension Stone Mining, Company/LLC Purchase, or putting the property into a Conservation Easement are options, making this a flexible and lucrative investment opportunity. More information is available on the property specifics with a non-disclosure agreement and proof of funds. Showing appointment is required with the listing agents. Give us a call for your private tour of these once in a lifetime large, limitless tract in Campbell and Scott County, TN.
Schools Information
Elementary School: ********Middle / Junior School: ********
High School: ********
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Directions
From I-40 East, take exit 385 for I-75N/ I-640E toward Lexington. Continue on that road for 3.7 miles. Use the 2nd from the R Ln and take exit 3A for I-75 N toward Lexington and make slight L onto the ramp toward Lexington. Continue for 34 mi and take exit 141 for Ste Rte 63 W toward Oneida/Huntsville & then turn L onto TN-63 W. Go approx 4.4 mi and keep R to continue on TN-297 E. Go approx 5.5 mi, and turn L onto Lick Fork Lane. Go past 1194 Lick Fork Lane & the property entrance is at the beginning of where Lick Fork Road and Granny Br Road begin.
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
Four Reasons to Use BJ Swinehart
Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!