2529 Rasselas Rd, Wilcox, PA 15870

Property Details for 2529 Rasselas Rd

Lot size

330.00 lot acres

Property type

Commercial real estate

Description

This exceptional 330-acre property in Wilcox, Elk County, Pennsylvania, presents a unique investment opportunity. The land includes over 90 permitted shallow oil wells producing Pennsylvania crude and natural gas. Ownership encompasses all mineral rights, including oil and gas, sand, and stone. Over half the acreage is cleared and easily accessible via 75 miles of internal roadways, offering potential for additional well sites. Existing infrastructure is substantial, featuring a hunting cabin with a generator, a private communications tower/building, a campground, residences with generators, storage outbuildings, and barns. Utilities include three-phase electricity, water wells, freshwater ponds, septic systems, and natural gas heating for buildings. The property benefits from proximity to major electricity grids and natural gas transmission lines, as well as significant 21st-century development projects within a 10-mile radius, including solar farms, cryptocurrency mining operations, and Marcellus and Utica shale drilling. Its location near the Allegheny National Forest and Elk State Park, bordered by the Conservation Fund, provides access to hundreds of additional acres for recreational activities. Abundant wildlife, including deer, turkey, and bear, thrives on the property, complemented by hundreds of acres of ATV trails. The property's versatility allows for diverse uses, including tiny homes, campers, feed lots, natural habitats, or industrial/lumber facilities. Hay crops and cattle are also viable options. Convenient access to Pittsburgh and Buffalo International Airports, regional airports, and Interstate 80 & US 219 enhances its appeal. The area boasts a skilled workforce and robust support infrastructure, including stone and shale suppliers, trucking companies, heavy equipment providers, and local amenities. The region's history of energy sector expansion, coupled with its embrace of renewable energy and a thriving manufacturing sector (including approximately 50 powdered metal factories), positions this property for continued growth and innovation. The asking price is $5,900,000.

Location Insight

City

Wilcox

County

Elk

State

Pennsylvania

Longitude

-78.6443

Latitude

41.5928