This expansive 4,355-acre tract in Eastern Kentucky offers a rare combination of immediate income and long-term development potential. Currently, the property hosts 29 active oil and gas wells, generating consistent revenue, with plans in place for additional wells to be developed. Roughly 7 million tons of recoverable coal that makes this property an investment of a lifetime.
Land
The landscape of this expansive tract is too vast and diverse to fully capture in detail. As is typical for Eastern Kentucky, the property features a blend of steep slopes and gently rolling terrain. Predominantly timberland, the tract also includes mountain streams, reclaimed land, and an improved road network providing access to oil and gas wells. Unique natural features such as rock outcroppings, caves, springs, and a variety of striking and scenic terrain make this property truly one-of-a-kind. This tract i...
The landscape of this expansive tract is too vast and diverse to fully capture in detail. As is typical for Eastern Kentucky, the property features a blend of steep slopes and gently rolling terrain. Predominantly timberland, the tract also includes mountain streams, reclaimed land, and an improved road network providing access to oil and gas wells. Unique natural features such as rock outcroppings, caves, springs, and a variety of striking and scenic terrain make this property truly one-of-a-kind. This tract is fully in the eastern Kentucky ELK restoration zone as well. Providing potential additional elk service income as well as potential land owner tags.
Improvements
The property also includes permits for gas and oil, accompanied by a previously developed mining plan, offering a streamlined path for future extraction. In addition to energy resources, the land produces substantial annual timber income, making it a diversified asset with multiple revenue streams.
This property includes an active timber plan that generates substantial annual revenue from timber production.
Nine new oil and gas wells have been proposed and approved for installation on this tract, offering potential for future revenue.
Recreation
This expansive 4,355-acre tract offers exceptional hunting and recreational leasing potential. Located entirely within Kentucky’s Elk Restoration Zone, the property presents outstanding opportunities for elk hunting, along with abundant populations of deer, bear, turkey, and various small game. The land can be subdivided and leased to outdoor enthusiasts for a range of activities, including hunting, ATV riding, and other recreational uses.
Big game hunting
Elk
Deer
Turkey
Bear
Small Game species
Elk Restoration Zone
ATV Park potential
Glamping, Tiny home and development potential
RV Park Development
Agriculture
The primary agricultural use of this property is timber harvesting, supported by a detailed and productive timber management plan that generates substantial revenue. However, there is also significant potential for diversification, with areas suitable for crops, food plots, building sites, and other development opportunitiesallowing buyers to expand or create additional income streams.
Water/Mineral Rights & Natural Resources
All existing mineral, timber, and water rights associated with this property will convey with the sale. The property’s revenue streams are fully operational, offering a turnkey investment with immediate return on investment (ROI). The details of the income can be discussed with the listing agent.
Estimated $8,000-10,000 royalty from gas and oil per month
29 active producing gas wells
Timber Income
Timber Assessment in 2015 of 4,024,047 board feet of timber as of 2013
7 million estimated recoverable tons of coal
2,860.85 +/- acres of Fee Simple
1,131.43 +/- acre of Mineral Only
363.83 +/- acres of surface only
4,355.46 +/- acres total
Region & Climate
Perry, KY County has a humid subtropical climate with hot summers and mild winters. Temperatures in the summertime can range from the mid-80s to low 90s, while temperatures in the winter usually stay between the low 40s and mid 50s. The area receives an average of 48 inches of rainfall per year, which is slightly above the national average. In addition, snowfall is also quite common in Perry, KY County and can occur several times throughout the season. Overall, Perry, KY County has a pleasant climate that makes it an ideal location for outdoor activities.
Perry County, Kentucky gets 47 inches of rain, on average, per year.The US average is 38 inches of rain per year.
Perry County averages 14 inches of snow per year.The US average is 28 inches of snow per year.
On average, there are 170 sunny days per year in Perry County.The US average is 205 sunny days.
Perry County gets some kind of precipitation, on average, 135 days per year. Precipitation is rain, snow, sleet, or hail that falls to the ground. In order for precipitation to be counted you have to get at least .01 inches on the ground to measure.
History
There are two places named Perry County in the United States. One is located in Indiana and the other is located in Ohio. Perry County, Indiana was formed on November 1, 1814 from Warrick and Gibson Counties. It was named for Commodore Oliver Hazard Perry who defeated the British squadron in the decisive Battle of Lake Erie in 1813. Perry County, Ohio was established on March 1, 1818, from parts of Fairfield, Washington and Muskingum counties. The county is named for Oliver Hazard Perry, a hero of the War of 1812.
Location
The property is located just outside Cornettsville, Kentucky along Bull Creek and expands to the east for several miles.
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