Acreage: 26.34 (+/-)
Type: Residential Development with Oil & Gas Ownership
Location: Quitman, Cleburne County, Arkansas
Contact: Gardner Lile
The Quitman 26 property consists of 26.34 +/- acres offering residential development opportunities, with the conveyance of the mineral rights and current lease. The property is located in Cleburne County, Arkansas east of Quitman. The property is bisected by Arkansas State Highway 124. The 16 +/- acres north of the highway consists of uneven aged pine and hardwood timber, and has a pond located in the central portion of the property. The acreage south of the highway is grown up pasture land that could be easily cleaned up for house lots. All the mineral rights owned by the Seller shall convey to the Buyer. Historically the gross annual revenue from the oil and gas royalties has ranged from $11,250.00 to $17,000.00 per year. The property is offered for sale for $119,900.00.
Any questions concerning this offering or to schedule a property tour should be directed to Gardner Lile (mobile: 501-658-9275) of Lile Real Estate, Inc. (office: 501-374-3411)
Lile Real Estate, Inc. is the listing agency for the owner of the property described within this offering brochure.
A representative of Lile Real Estate, Inc. must be present to conduct a showing. The management of Lile Real Estate, Inc. respectfully requests that interested parties contact us in advance to schedule a proper showing and do not attempt to tour or trespass the property on their own. Thank you for your cooperation.
Some images shown within this offering brochure are used for representative purposes and may not have been taken on location at the subject property.
This offering is subject to errors, omissions, change or withdrawal without notice. All information provided herein is intended as a general guideline and has been provided by sources deemed reliable, but the accuracy of which we cannot guarantee.