$400,000
$495,000
19.2%For more information regarding the value of a property, please contact us for a free consultation.
182.89 Acres Lot
SOLD DATE : 06/25/2025
Key Details
Sold Price $400,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 7531333
Sold Date 06/25/25
HOA Y/N No
Annual Tax Amount $1
Tax Year 2023
Lot Size 182.890 Acres
Acres 182.89
Property Sub-Type Unimproved Land
Source First Multiple Listing Service
Property Description
Amazing Opportunity! This 182 acre lot is located Desirable Gibson! Plenty of road frontage gives you lots of options! NO HOA or Covenants! Walk the property today! This land has a Mineral Lease that currently has 40 years remaining on a 100 year Mineral Lease for Kaolin with Thiele Kaolin Company. If Thiele decides to mine this property in the next 40 years remaining on the lease, then it offers a unique opportunity for passive income from mineral royalties without the headaches of active land development. Once mining begins, royalty payments are typically based on volume extracted, offering consistent cash flow. Kaolin is a high-demand industrial mineral used in paper, paint, ceramics, and pharmaceuticals. Global demand remains strong, particularly in advanced manufacturing and construction, positioning this lease for long-term relevance. Currently it is a perfect tract for hunting especially with the creeks surrounding the property.
Location
State GA
County Glascock
Area None
Zoning Cons
Lake Name None
Rooms
Bedroom Description None
Other Rooms None
Interior
Equipment None
Exterior
Fence Fenced
Community Features None
Utilities Available Electricity Available
Waterfront Description Pond
View Y/N Yes
View Trees/Woods
Present Use Hunting
Street Surface Paved
Porch None
Private Pool false
Building
Lot Description Private
Schools
Elementary Schools Glascock County
Middle Schools Glascock County
High Schools Glascock County
Others
Senior Community no
Tax ID 022018
Acceptable Financing Cash, Conventional, Land Bank, USDA Loan
Listing Terms Cash, Conventional, Land Bank, USDA Loan
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Bought with Joe Stockdale Real Estate, LLC