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Description:
*****THIS PROPERTY IS ALSO BEING OFFERED AS A PACKAGE WITH AN ADJOINING 1336 ACRE TRACT WITH 2 MILES OF DIRECT RIVER FRONTAGE ON THE NORTH GAULEY RIVER. OVER 10 MILLION BOARD FEET OF MERCHANTABLE TIMBER READY FOR HARVEST.

ASKING PRICE FOR THE COMBINED 2,342 ACRES IS $3,981,400. CALL FOR DETAILS: 1.304.646.8837

Situated 2 miles northeast of Canvas WV, near Summersville, this large, multiple-use property offers privacy, views of the Gauley River and a mature hardwood forest with immediate timber harvesting potential. Hunting and wildlife viewing opportunities are unlimited.

Nearly 5 Million Board Feet of high quality standing timber is ready for immediate harvest. Recent timber cruise is on file.

LOCATION
LAT 38 18' 06.05" N
LON 080 43" 05.62"W
ELEV 1756'
CRAIGSVILLE QUAD

Decimal Coordinates (Google):
Latitude 038.2955820 N
Longitude 080.7185589 W

The North Gauley River Tract, consisting of 1004 acres, is situated near the tail waters Summersville Lake and just 20 minutes from Summersville, the Nicholas County seat. Shopping, dining, schools, hospital and other health care facilities are readily available in Summersville. The Monongahela National Forest and New River Gorge National River Park are just 15 minutes away. The surrounding region is a popular vacation area that is anchored by the world class white water rafting Gauley River and the 5000 acre Summersville Lake. The area is well known for its rock climbing, whitewater rafting, sport fishing and camping.

The Snowshoe Mountain Resort is just 1.45 hours drive. With close proximity to Route 19, I-64 and 1-79, the property offers easy interstate travel to major population centers, making it a fine recreational property which should benefit from an appreciating land and timber value component over time. Charlotte, NC is situated 3.5 hours south and Charleston WV is 1.5 hours drive. The Raleigh County and Charleston airports are within an 1.5 hours drive.

SITE DESCRIPTION
The property's excellent access and diverse upland terrain can support numerous ownership goals with excellent outdoor recreational options. The property's commanding views of the Gauley River and northeastern aspect could play a prominent role in its future recreational and home site development potential. These characteristics, combined with its close proximity to the Gauley River, New River Gorge National Park, Summersville Lake and the New River, affords a prime opportunity to create an exclusive private retreat.

TIMBER / MINERALS
The forest resource is dominated by a mix of uneven-aged stands, with key species including Yellow Poplar, Maples, Red and White Oak and Black Cherry. The timber was selectively harvested in the early 1980's and is now well stocked and considered mature to over-mature. Two small regeneration harvests were conducted in the early 2000's. Site quality is deemed to be excellent in most areas and the timber quality is very good as there have been no forest fires or pest problems in the 25 years since the last harvest. Immediate harvest and thinning is warranted and can be expected to generate nearly 5 million board feet of timber with an anticipated value of $1,000,000.

The tract lends itself to numerous multiple-use management goals including recreation, game management and long-term silvicultural objectives. Recreational hunting leases are an option that can create annual income to offset property taxes.

Mineral rights do not convey with the property and are believed to be owned by Western Pocahontas Properties, Charleston WV. There is thought to be no more recoverable coal left in the underlying property and the amount of recoverable natural gas is unknown at this time.

ACCESS/BOUNDARIES
Access to the western end of the property is provided by a forest management road crossing the lands of Western Pocahontas Properties originating from County Route 3/4 (Ward Road) about 2 miles northeast of Canvas. The eastern end of the property is accessed from County Route 39/15 (Panther Creek Road) over the lands of Western Pocahontas Properties and along the old rail grade. Both roads are gated and kept locked by the hunting club that has the lease. Electric service is not yet on the property but is nearby on the eastern end of the property.

Complementing access is an established network of hiking trails that extend throughout the forest and can be further enhanced to provide for entry of ATVs and horseback riding.

The boundaries run with Plum Creek Timberlands, Western Pocahontas Properties and Mega Minerals. Property has not been recently surveyed.

Although the maps provided in this report are believed to be reasonably accurate, buyers should not rely on these maps to precisely portray the deeded boundary lines in the field.

PROPERTY TAXES & ZONING
Property taxes in 2008 are indeterminate at this time as the property being sold is a part of a much larger tract (parcel 18, map 35). The land is being assessed in Nicholas County, Kentucky District. It is not known if there is any zoning in place in Nicholas County at this time. All buyers should investigate and seek the advice and council of a professional engineering firm before attempting to build or subdivide the property. Deed description for the parent property is located in Deed Book 405, Page 548, Nicholas County Courthouse in Summersville, WV.

Listing Price: $1,700,000.00

Directions:
Located near Canvas, WV just outside Summersville, WV. May be accessed from Ward Road (County Route 3/4) and from Panther Creek Road (County Route 39/15). Please call the office for a guided tour of this spectacular property!