Land for Sale - TBD Highway 15, England, AR 72046 - 602.0 acres

South England Tillable Farm

TBD Highway 15, England, AR | Lat/Lng:  34.5028, -91.9396

$4,200,000
602 ac.
05/17/2024
ACTIVE
Main Listing ImageMain Listing Image

Description

The South England Farm consists of 602 +/- deeded acres located in Lonoke and Jefferson Counties along Highway 15, just south of England, ArA This total offering has 565 +/- tillable acres across two non-contiguous tracts. Both tracts are located in very near proximity to each other (within 1/4 mile) and are currently farmed by the same producer who has it leased through the 2025 crop year. The entire farm has been precision leveled and is also 100% irrigated making it a turnkey investment-grade farm. The southernmost tract in this offering is located along Highway 15, south of England, AR, and includes five (5) zero-grade fields and one (1) precision-level field. This portion of the farm is irrigated via three (3) electric wells strategically placed across the farm and one (1) diesel-powered unit located on a recovery ditch near the south end. The northernmost tract is located on Tar Bottom Road and is comprised of four (4) zero-grade fields with one (1) precision leveled field located on the northernmost part all irrigated via two (2) diesel-powered turbine wells as well as a diesel-powered re-lift located on a recovery ditch near the middle of this tract. This farm currently has a tenant in place for the next two crop seasons (ends Dec 31, 2025) with a flex rent structure of $225 cash rent or 77.5/22.5 crop share, whichever is greater. This tract also had a duck lease for the 23/24 duck season that brought in $30,000/year. A verbal option is on the table for the same client to rent this farm for the 24/25 duck season should the new owner be inclined to take on that option. Property Features -602 +/- deeded acres -565 tillable acres per FSA -5 wells -2 re-lifts -Precision-leveled -Zero-grade -100% irrigated -Cropland A -Highway 15 frontage -$225 cash or 77.5/22.5 flex rent -$30,000/year duck lease

Details

CountyLonoke
Zipcode72046
Property Type OneFarms
Property Type TwoRecreational Property
Property Type ThreeHunting Land
BrokerageMidwest Land Group
Brokerage Linkhttps://midwestlandgroup.com/agent/zluster/listings/
Land Listing Agent Photo
Agent: Zach Luster
Contact Agent:Email Land Listing Agent
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