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ALDERMAN FOREST 858 +/- ACRES

Alderman Forest

Excellent Timberland Investment Opportunity

Price:
$944,000
ID: 324
Acres: 858 +/-
Address:

Agent Contact:
Richard Grist, 304.646.8837 or 304.645.7674

OVERVIEW

Alderman Forest is a quality oak, pine/ hemlock, and maple-dominated Appalachian timberland investment with a ready-to-harvest timber resource. Situate near the heart of the recreation mecca of the Monongahela National Forest and Snowshoe Ski Resort, the property offers rural estate qualities with the upside potential for future cabin site development. Nearly 500 acres would be considered gently laying ground.

This well managed timber resource can provide a great deal of flexibility to the next ownership in terms of potential harvest revenue and can be managed to provide cash flow opportunities to offset holding cost and long-term asset appreciation.

The 858 acre tract is entirely wooded with a network of roads and trails. The ridges and high knobs tower above the valley floor with elevations approaching 3700’. Spectacular 20-30 mile long distant views from the upper reaches are some of the best in West Virginia

HIGHLIGHTS

*Large 858 acre parcel with nearly 500 acres of gently laying ground – rare in this part of southeastern West Virginia.
*Land legacy of careful wildlife management coupled with outstanding long-term forest stewardship.
*Recent timber inventory estimates 2.3 million board feet of harvest-ready hardwood timber.
*Two blue line clear water stream flowing for a total of 2+ miles through the heart of the property.
*Known for its abundant and diverse wildlife population.
*Nearly 2 miles of permanent interior access road with another 5 miles of 4×4 forest roads.
*Nearby is the Greenbrier River – perfect for anglers and water recreation enthusiasts.
*Spectacular long range views approaching 20 miles.
*High percentage of commercially – operable ground supporting forestry, recreation and potential for numerous future cabin sites.
*Elevations range from 2397’ to nearly 3700’
*Excellent year round state maintained hard top access and permanent gravel roads.
*Electric and phone available nearby.
*Potential conservation value with its close proximity to National Forest lands.
*Low taxes, low population density, little or no light pollution.

LOCATION

Alderman Forest is located in Pocahontas County, WV, about 7 miles east of Marlinton, the county seat. The property is also near the unincorporated community of Huntersville. This 858 acre timberland opportunity is located in the scenic, mountainous region of southeastern West Virginia. The surrounding Pocahontas County landscape is part of the southeastern Ridge and Valley Region, a scenic tapestry of elongated hardwood Allegheny & Appalachian mountain ranges. Much of Pocahontas County remains undeveloped and is characterized by its scenic farm valleys, small communities and large expanses of hardwood forest.

Alderman Forest represents an opportunity to create a classic family ownership legacy for the next tenure, or to carefully craft a rural subdivision project for future cabin sites. Terrain is exceptional for the region and considered flat to rolling to mountainous, with upland hardwood flats and ridges separated by narrow hollows that flank the lower lying stream drainage of Cummings Creek.

ACCESS

Year round access to the property is excellent. Hardtop state maintained roads provide year-round access to within 1/3 mile of the property. The last 1/3 mile of access is gained via a permanent private gravel road across an adjoining property. This road is shared with the neighbor and is rocked, ditched and culverted.

Internal access is considered excellent with nearly two miles of permanent passenger/truck road leading to the heart of the land. Another 5 miles of unimproved 4×4 forest management road create an excellent access network. Several miles of old timber trails provide access to nearly all corners for recreational opportunities including nature viewing, hiking, horseback riding and ATV riding.

FOREST/TIMBER RESOURCES

The distinguishing features of Alderman Forest timber resource include its high hardwood sawtimber and pole stocking with a basal area/ acre of 110. This stocking is average for the region. This well managed timber resource can provide a great deal of flexibility to the next ownership in terms of potential harvest revenue and can be managed to provide cash flow opportunities to offset holding cost and long-term asset appreciation.

2014 Timber Inventory:

Timber data in this report are based upon a 2014 timber inventory that was conducted for the ownership by an outside consultant. 712 acres were inventoried (146 acres containing older regeneration harvests or old fields were not inventoried.); 33 points were sampled on a grid system using a 20 factor prism. Total sawlog volume property-wide of 2,381,073 BF Doyle scale with 27,353 pulpwood tons. Average board foot per acre was 3,344’ Doyle scale. A form class of 78 was used. Details of the timber inventory report, maps, specs and growth rates are available in the Alderman Timber Report under Maps and Documents section.

Capital Timber Value has not been assigned by the owner at this time.

Species composition:

The forest’s predominately well-drained upland terrain has led to a resource dominated by hardwood species. Overall, the species composition is highly desirable and favors Appalachian hardwood types, consisting primarily of 19% White Oak/Chestnut Oak, 13% Pine/Hemlock, 5% Red Oak Group, 8% Poplar/Cucumber, 7% Sugar Maple/Soft Maple, 2% Black Cherry and a host of associate species. See report for details.

Stocking, Stem Quality, and Forest Structure:

Forest-wide, most stands are fully stocked, providing the next ownership with a great deal of flexibility in shaping their own silvicultual legacy. Stem quality forest-wide can be considered excellent with the forest containing an abundant current and future veneer source. Sawtimber and pole stocking checks in with a basal area/ acre of 110.

Alderman Forest’s timber component has been well managed over the years and generally consists of two age classes that have been managed under even-aged silvicultural guidelines. The predominant timber stand (712 acres) comprises 83% of the forest and contains 40-120 year old stems ranging in size of 6”-28” dbh. This stand was thinned some 20 years ago with some more recent pine thinnings. This stand is on the cusp of graduating into higher-value sawtimber diameter classes over the coming decade.

The second distinct stand was established 10-20 years ago when a regeneration harvest was implement on sections of the forest that would respond well to an intensive harvest and regenerate into very desirable species composition. These stands represent a quality hardwood resource with a small pine component and will be reaching economic maturity in the next 20 years.

Sawlog & Veneer Value:

The Red Oak group (5%), White Oak group (19%), Yellow Poplar/Basswood (8%) and the Maples (7%), Black Cherry (2%), dominate the sawlog and veneer value, collectively representing nearly 70% of total sawlog value. The remaining value is spread across a diverse range of species including Hickory, Beech, White Ash, Black Walnut, White Pine/Hemlock and other associates.

Diameter distribution:

Diameters are well represented across the commercial spectrum with a notable mature size class, as well as abundant pole size timber and growing stock. Average diameter with all products combined is 13.5”.

Breakdown by diameter class:

12” – 30%
14” – 18%
16” – 25%
18” – 10%
20”up -11%

Some trees are well over 100 years old and classify as “Heritage Trees”. These amazing trees have withstood the test of time and lend an air of grace and permanency to the property.

The forest is healthy and there are no signs of pest infestations of Gypsy Moth or Emerald Ash Borer. The Hemlock Wooly Adelgid is present and the majority of the Hemlock trees are severely stressed and will die out over the next decade. There have been no forest fires in the recent memory.

WILDLIFE

Alderman Forest has an abundant wildlife population.

The mixture of mature forest, emerging forest and abandoned farm fields, coupled with the abundant water supply from creeks and springs, create the perfect wildlife habitat. The hardwood forest produces tons of acorns, hickory nuts beech nuts and black walnuts. White tail deer, wild turkey, squirrel, raccoon, fox and many species of songbirds and raptors make up the resident wildlife population. It is hard to find a property that has a better mix of wildlife as there has been little to no hunting pressure for many years.

A number of Bald Eagles have been spotted up and down the Greenbrier and New Rivers and are a thrill to see with wingspans of 6-7 feet.

WATER

Alderman Forest has two feeder streams (Pine Run and another unnamed) that drain from the side hollows and then off property to Cummings Creek draining to the Greenbrier River 7 miles downstream. There are also over 50 ephemeral streams that flow during rain events and snow melt.

MINERAL RESOURCES

The mineral rights do not convey with the property and the property is being sold “Surface Only”.

BOUNDARIES AND SURVEY

The property has been surveyed and the property lines are painted.

TAXES AND ZONING

Property taxes for the 2013 tax year were $1,677. The parcel is listed as 906.2 acres in Huntersville District, Pocahontas County on Tax Map 54A, parcel 1. The deed for the property is found in Deed Book 292, page 616.

Address: Currently, there is not a 911 address since the property does not contain any structures.

Huntersville Post Office: Marlinton, WV 24954

As of October 2014, there is no countywide zoning in effect in Pocahontas County. However, all prospective buyers should contact the Pocahontas County Assessor in Marlinton regarding any issues involving zoning, developments or building codes.

UTILITIES

Electric – Nearby
Propane – can be delivered
Landline Phone – Nearby
Internet – May be available through landline
Cable TV – DirectTV or Dish Network
Water – There are no water wells on the property. There are naturally occurring springs that could be developed for a water source.
Sewer – No public sewer available. Septic systems provide sewage disposal.
Trash Pickup – Curbside
Cell phone coverage is spotty in this area.
USPS and Overnight Couriers deliver to the area

SURROUNDING AREA

Pocahontas County West Virginia, set deep in the Allegheny Mountains, separating West Virginia from Virginia. Called “the birthplace of rivers” The Greenbrier, Gauley, Elk, Cherry, Cranberry, Tygart Valley, Williams, and Shavers Fork of the Cheat rivers all begin in these pristine mountains. The area is rooted in its crystal clear streams, native brook trout, roaring waterfalls, and unique history

Destinations and Tourism:

• Snowshoe Ski Resort is West Virginias #1 Tourist Attraction; bringing ~450,000 skiers and ~ 600,000 tourists and vacationers to the area. It is the home of the Gary Player Championship Golf Course. The resort is owned by Intrawest (NASDAQ:SNOW) and has been expanding both its residential and commercial properties at the top of Cheat Mountain for the last 20 years, with plans to expand it villages and retail venues to sections of the several thousand acres that sprawl at the foot of the mountain.
• Cass Scenic Railroad State Park and Durbin and Greenbrier Valley RR
• Green Bank Telescope
• Greenbrier River Trail
• Cranberry Glades/Nature Center
• Falls of Hills Creek
• Beartown State Park
• Droop Mountain Battlefield
• Pearl S Buck Birthplace
• Monongahela National Forest
• Watoga State Park
• Seneca State Forest
• Highland Scenic Highway
• Pocahontas County Opera House

Nearby Historic Greenbrier County:

Lewisburg, which is the Greenbrier County seat, was voted the Coolest Small Town in America in 2011, combining the warmth of a close community with the sophistication of more urban locations. The thriving downtown historic district offers year-round live productions presented at the State Professional Theatre of WV, Carnegie Hall, distinctive dining venues, antique shops, award-winning galleries/boutiques, and two summer-season farmer’s markets. Greenbrier Valley Medical Center is a modern hospital and all attendant medical facilities, along with the many big box stores.

Lewisburg is home to the WV Osteopathic Medical School (800 students) and the New River Community and Technical College. The area is a strong economic generator with a solid workforce employed in county/state government, tourism, hospitality, medical, education, retail, construction, wood products, mining and agriculture.

The world-renowned Greenbrier Resort, with 800 rooms and 1600 employees, is located nearby in the sleepy little town of White Sulphur Springs. The 4-Star resort has a subterranean casino and is home to the PGA tour, the “Greenbrier Classic.” Several other area golf courses are available in the area – including Oakhurst Links, America’s first golf course, where guests play using old style hickory-handled clubs and ground-burrowing golf balls!

The Greenbrier County Airport with WV’s longest runway provides daily flights to Atlanta and Washington DC. A picturesque train ride from White Sulphur Springs connects the area to DC, Phili, Chicago, and many other locations. By car, DC is 4 hours away and Charlotte is only 4.

GREENBRIER RIVER AND RIVER TRAIL

Alderman Forest is a 15 minute drive to the lazy Greenbrier River. The Greenbrier River is 173 miles long is the last free flowing river east of the Mississippi. It is an excellent river to float or canoe and is well known for its large and small mouth bass fishing. It is the gateway to water recreation and fun as it is at most times lazy and easy to navigate.

The Greenbrier River is formed by the confluence of the East Fork Greenbrier River and the West Fork Greenbrier River in the town of Durbin, West Virginia. From Durbin the Greenbrier River flows southwesterly through Pocahontas, Greenbrier, Monroe, and Summers Counties. It flows through several communities including Cass, Marlinton, Hillsboro, Ronceverte, Fort Spring, Alderson, and Hinton. The Greenbrier River joins the New River in the town of Hinton, just 30 minutes away.

The property is a 15 minutes ride to the Greenbrier River Trial and is operated by the West Virginia State Parks. The trail is a 77-mile long former railroad, now used for hiking, bicycling, ski-touring, horseback-riding, and wheel-chair use. The trail passes through numerous small towns and traverses 35 bridges and 2 tunnels as it winds its way along the valley. Most of the trail is adjacent to the free-flowing Greenbrier River and is surrounded by peaks of the Allegheny Mountains.

SELLING “AS IS” SURFACE ONLY

Property is being sold in “As Is” conditions, SURFACE ONLY, with no representations or warranties made either by Foxfire Realty or the Seller or its agents except as may be specifically made in writing by the Seller. The buyer may retain brokers to represent their interests. All measurements are given as a guide, and no liability can be accepted for any errors arising therefrom. No responsibility is taken for any other error, omission, or misstatement in these particulars, nor do they constitute an offer or a contract. Foxfire Realty or the Seller does not make or give, whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to the property.

DIRECTIONS

From the intersection of Route 219 and Route 39 in Marlinton, travel Route 39 east from Marlinton about 6.5 miles to Huntersville. Take a right on CR 21 (Beaver Creek Road. Go 2.5 miles and take a left on a private gravel road. Travel 1/3 mile to the and property will start at the yellow gate (locked).

REGIONAL INFORMATION