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State Road 46, Center Point, IN 47840

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For Sale

$631,684

58.46 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Farm/Ranch
    Property type

  • 58.5 acres
    Lot size

Explore this Property

58 Acres with Income and Opportunity Offered at Appraised Value of $631,684 Center Point, Indiana (Clay County) Located just south of State Road 46 on County Road 300 East, this 58-acre property in Clay County offers the perfect combination of income production, natural beauty, and investment stability. With a balance of 36 acres of productive tillable ground and timbered acreage, this land provides multiple sources of income and long-term potential. The property features active oil wells generating approximately $12,000 per year, with expected increases in production, plus an additional $7,200 per year in farm rent from the tillable acres. The wooded portions provide excellent hunting, recreation, and future timber value, adding even more appeal. A very recent appraisal values the property at $631,684, and it is being offered at that appraised value, making this an exceptional opportunity to purchase a proven, income-producing investment. Conveniently located near Center Point and just minutes from State Road 46, this property combines accessibility with a peaceful country setting. Property Highlights: 58 total acres in Clay County 36 acres of productive tillable ground Active oil wells producing approx. $12,000/year (with growth potential) $7,200/year in farm rent income Balance in wooded acreage offering recreation and timber value Recently appraised at $631,684 and offered at appraised value Great location just south of SR 46 near Center Point A rare opportunity to own a diverse, income-producing property with verified market value ready to add to your portfolio or make your own.
MLS# 107664

Courtesy Of MOSSY OAK PROPERTIES INDIANA LAND AND LIFESTYLE

(765) 505-4155

Property Features

  • Architecture Style
    Other
  • Lot Size
    58.46 Acres

Map and Directions

Directions to State Road 46, Center Point, IN 47840

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.