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29784431
29784430

82 +/- Acres Farmland Investment Opportunity, New Castle, IN 47362

NG
MI 6501463700
$1,650,000
107 days on market
Updated 84 days ago

82 +/- Acres Farmland Investment Opportunity

Details
Property Type Land
Sub Type Agricultural
Acreage 82.000

Land | 82 acres

Marketing description

Location, Location, Location! This remarkable 82+/- acre income-producing tract is a rare find and a must-see for anyone looking to make a smart investment in agricultural land. Nestled in a prime path of progress just off I-70 at State Road 3 (Exit 123), this property is perfectly positioned between the bustling cities of Indianapolis, IN, and Dayton, OH. This expansive, primarily tillable land offers a world of possibilities. It is an exceptional opportunity for farmers eager to expand their operations or investors looking to capitalize on competitive cash rent rates while holding out for future commercialization potential. Additionally, this property could potentially be an ideal candidate for a 1031 exchange, making it a versatile choice for savvy investors. With a rich history of above-average production, this farm stands out in the market. The current cash rent of $300 per acre yields an impressive approximate annual income of $22,000, providing a reliable stream of passive income for its owner. Strategically located directly south of the Flying J and New Castle Motor Sparks Park, this property is not just a piece of land; it is a long-term investment in a thriving community that is poised for growth. Whether you are looking to cultivate your agricultural ambitions or secure a valuable investment for the future, this property offers endless opportunities. Don’t miss your chance to own this prime piece of real estate—contact us today to learn more and schedule a viewing!

Investment highlights

  • Approximately 82 acres, primarily tillable and income-producing
  • Versatile land suitable for agricultural expansion, investment, or future development
  • 69.19 +/- Estimated Crop Acres
  • Surety WAPI 157.5

Listing Contacts

NG
MI 6501463700

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