P State Hwy Princeton, MO 64673
This exceptional 421-acre property in Mercer County, Missouri, presents a unique investment opportunity. The land boasts a diverse landscape, combining approximately 316 acres of row crop currently leased for $120/acre annually (lease expiring this year), and approximately 78 acres of timber and timbered draws. Seven ponds enhance the property's appeal, and the presence of numerous natural pinch points and abundant food and water sources make it ideal for hunting. Known for its trophy whitetail deer and turkey populations, this farm offers excellent hunting potential. The current hunting lease generates $5,000 annually, expiring February 2025. The property features convenient road frontage on all four sides, ensuring easy access. The asking price is $2,100,000. A video showcasing the property is available online. This property is ideal for those seeking a combination of agricultural income and recreational pursuits. The existing leases provide immediate income potential, while the diverse terrain and wildlife offer long-term recreational value. The buyer has the option to farm the row crop land themselves starting in 2025. Located near Princeton, Missouri, zip code 64673, this property offers a compelling blend of investment and lifestyle benefits.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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