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27138745
27138747

1110 W Hwy-280, Reidsville, GA 30453 For Sale

TC
GA 328637
Compass
Listed by Compass
$4,999,000
340 days on market
Updated 92 days ago
Opportunity zone

Barnard Farm - 1110 W Hwy 280, Reidsville, Ga 30453

Details
Property Type Business for Sale, Land
Sub Type Agricultural, Farm (+1)
NOI $400,000
Class A
Year Built 1972, 1973
Acreage 200.000
Zoning V5-Cons Use
Investment Type Owner/User
Sale Condition For sale by owner

Income-Producing 200-Acre Riverfront Working Ranch on Hwy 280

Marketing description

At a Glance

● Size: 200 acres

● Residences: Main home (4 bed/3 bath) + Second home (3 bed/1 bath, 0.5–0.75 acres)

● Operations: Poultry, cattle, hay, excavation, rental income, cell tower lease

● Water: 35-ft spring-fed pond, new deep well, two pivots, electric & diesel irrigation pumps

● Power: $100K+ in solar panels have been installed (Georgia Power buyback grandfathered)

Current Annual Income Potential

Source Low High Notes

Poultry Houses $100,000 $150,000 Contract w/ Claxton Poultry – feed & meds provided

Hay Production $125,000 $150,000

Calf Sales $40,000 $40,000 ~40 calves/year avg @ ~$1,000

Excavation Business $100,000 $100,000 Pond digging & land clearing

Second Home Rental $9,000 $9,000 Currently discounted

Cell Tower Lease $3,250 $3,250 Based on $65K/10-year lease – can be renegotiated

Total Potential: $400,000 – $452,250/year

(Upside from cell tower renegotiation coming soon & adjusting rental rate on the second home, where his employee currently resides)

Main Home – 4 bed, 3 bath, 2 carports, 2-car garage, 2 shops

Second Home – 3 bed, 1 bath, on 0.5–0.75 acres, currently rented at $750/month (discounted for farm worker)

Investment highlights

Current Annual Income Potential

Source Low High Notes

Poultry Houses $100,000 $150,000 Contract w/ Claxton Poultry – feed & meds provided

Hay Production $125,000 $150,000

Calf Sales $40,000 $40,000 ~40 calves/year avg @ ~$1,000

Excavation Business $100,000 $100,000 Pond digging & land clearing

Second Home Rental $9,000 $9,000 Currently discounted

Cell Tower Lease $3,250 $3,250 Based on $65K/10-year lease – can be renegotiated - Pending lease copies

Total Potential: $400,000 – $452,250/year

(Upside from cell tower renegotiation coming soon & adjusting rental rate on the second home, where his employee currently resides)

Included Equipment & Assets Poultry Operation Equipment

● Chicken house cleanout machine ($15,000)

● Two incinerators ($15,000 & $8,000)

● Sidewall machines

● Poultry house cleaner

● Wash tub machines

● Litter spreader, spreader truck

● Feed bins (two per house), 10 fans per house

● Generators for each chicken house

Hay & Cattle Operation Equipment

● Four tractors (all with spears, buckets, loaders)

● Three cutters (1 round, 1 square, 1 other)

● Two hay rakes, two fluffers, hopper bottom wagon

● Batwing mower, regular mower, tiller

● Two small hay trailers

● Tub grinder (two rolls)

● Square baler, round baler

● Cow trailer, gooseneck trailer

● Cumulator, hole digger, auger

● Nitrogen tank (two semi-load capacity)

● Sprayer for nitrogen

● Low-till seeder

Heavy Equipment & Excavating

● Bulldozer/excavator with root rake (650 HP, air-conditioned)

● Excavator (separate unit)

● Dump trailer, big front-end loader

● Land leveler, 14-foot box blade, spreader wagon Vehicles

● Semi-truck ($25,000)

● Semi-trailer ($49,000)

● Two John Deere Gators (one included)

● Covered trailer (excluded)

Infrastructure & Other Assets

● Over $100,000 in solar panels (grandfathered power buyback with Georgia Power)

● 1,100-gallon fuel tank with pump

● New deep well ($15,000)

● Two barns

● Stack house (two years old, $35,000)

● Steel lean-to addition to stack house ($30,000)

● Two pivots (irrigation)

● Electric irrigation pump, diesel pump (river source)

● 35-foot deep spring-fed pond

Main Home – 4 bed, 3 bath, 2 carports, 2-car garage, 2 shops

Second Home – 3 bed, 1 bath, on 0.5–0.75 acres, currently rented at $750/month (discounted for farm worker)

Listing Contacts

TC
GA 328637
Compass
Listed by Compass

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Loan Amount
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$400,000.00
$33,333.33/mo

Valuation Metrics

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Cap Rate
8%
ROI

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Additional Information

Name
Trisha Cook
License
328637
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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