0000 Nickel Ave Gallatin, MO 64640
This 60-acre farm in Daviess County, Missouri, presents a compelling investment opportunity. Approximately 56 acres are currently in row crop production, rotating between soybeans and corn, under a cash rent lease agreement of $235 per acre extending through 2027. The land features Class II and III soil, primarily Nodaway silt loam, Greenton silty clay loam, and Gifford silt loam, with a weighted average of 2.75. Existing terraces enhance the land's productivity. Located less than a mile from paved roads and just over a mile from Lake Viking, this property offers both agricultural potential and recreational possibilities. The area boasts abundant wildlife and provides a secluded setting. The property's proximity to Lake Viking, a growing recreational destination, adds to its appeal. This attractive property is situated in a strong agricultural region of Daviess County, making it an ideal investment for farmers, investors, or those seeking a valuable rural property with diverse potential uses. The asking price is $480,000. The property's zip code is 64640, and its address is 0000 Nickel Avenue, Gallatin, MO.
Cap rate
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