OVERVIEW

Foxfire Realty is pleased to introduce the 127-acre Urban Forest, a classic multiple-use recreational and timber property located within 30 minutes of Lewisburg. Snowshoe Resort is 90 minute drive; this popular 10,000 acre resort, with over 500,000 visitors per year, offers world class skiing, golfing and mountain biking throughout the year.

Urban Forest is a quality Oak-Maple-Hickory dominated Appalachian timberland investment with a ready-to-harvest timber resource. Situate in the picturesque Renick Valley in historic Greenbrier County, the property offers rural estate qualities with the upside potential for future cabin site development. It would be hard to find a better timber investment and recreational property.

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.

There are 119 acres wooded with a nice 8 acre meadow along the creek. The ridges and high knobs rise above the valley floor with elevations ranging from 2350’ to just over 2,800’. Spectacular distant views from the upper reaches are some of the best in the area. This hardwood stand has tall hardwood trees with an open forest floor, providing good aesthetics and easy recreational access for hiking and ATV use.

HIGHLIGHTS

*127 acre classic multiple-use parcel located in historic Greenbrier County.
*Fantastic 25 acre flat on top that provides private cabin site.
*8 acre meadow along the stream.
*Land legacy of careful wildlife management coupled with outstanding long-term forest stewardship.
*Recent timber inventory estimates 1/2 million board feet of harvest-ready hardwood timber.
*8/10th mile of low traffic, 4-season state maintained road.
*A blue line clear water stream flowing for a total of 3/4 mile along the eastern edge of the property.
*Known for its abundant and diverse wildlife population. Excellent hunting.
*Nice network of interior trails provide access to nearly every corner.
*Nearby is the Greenbrier River – perfect for anglers and water recreation enthusiasts.
*Spectacular long range views approaching 20 miles.
*A good percentage of commercially – operable ground supporting forestry, recreation and potential for numerous future cabin sites.
*Elevations range from 2350’ to over 2800’
*Electric on the property and phone nearby.
*Low taxes, low population density, little or no light pollution.

LOCATION

Urban Forest is located in Greenbrier County, WV, about 22 miles northwest of Lewisburg, the county seat. The property is also near the unincorporated community of Renick, WV. This 127 acre timberland opportunity is located in the scenic, mountainous region of southeastern West Virginia. The surrounding Greenbrier County landscape offer a scenic tapestry of the elongated hardwood Allegheny & Appalachian mountain ranges. Much of Greenbrier County remains undeveloped and is characterized by its scenic farm valleys, small communities and large expanses of hardwood forest.

Urban Forest represents an opportunity to create a classic family ownership legacy for the next tenure. Terrain is average 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.

ACCESS

Nearly 1 mile of frontage along Friars Hole Road, a low-traffic, state maintained, four-season road with electric utilities available roadside. The road frontage falls along the property’s southern and eastern boundaries, with most of the acreage tucked back away from the road frontage affording privacy and seclusion for a potential centrally-located cabin site.

Internal access is considered excellent with a great network 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

Complementing the property’s strong aesthetic attributes is a timber resource that is well positioned for value appreciation over the coming decade. With an attractive species mix, adequate stocking levels, and favorable diameter class distribution, the timber amenity represents a strong component of value to the investor. 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. 119 acres were inventoried (8 acres containing old fields were not inventoried.); 24 points were sampled on a grid system using a 20 factor prism. Total sawlog volume property-wide of 571,087 BF Doyle scale with 2,703 pulpwood tons. Average board foot per acre was 4,799’ Doyle scale. A form class of 78 was used. Basal area averaged 103. Details of the timber inventory report, maps, specs and growth rates are available in the Urban 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

22% Red Oak
19% White Oak/Chestnut Oak
16% Sugar Maple/Soft Maple
14% Poplar/Cucumber
9% Hickory
9%Basswood
11% 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 reports show a basal area/ acre of 103.

Urban Forest’s timber component has been well managed over the years and generally consists of a uneven age class that have been managed under professional silvicultural guidelines. The timber stand of 119 acres 40-120 year old stems ranging in size of 6”-28” dbh. This stand was thinned some 15-20 years ago. This stand is on the cusp of graduating into higher-value sawtimber diameter classes over the coming decade.

Sawlog & Veneer Value:

Red Oak (22%), the White Oak group (18%), the Maples (16%) Yellow Poplar/Basswood (14%), Hickory (9%) and Basswood (9%), dominate the sawlog and veneer value, collectively representing nearly 89% of total sawlog value. The remaining value is spread across a diverse range of species including Hickory, Beech, Black Cherry, Black Walnut and other associates. There is also some very nice Black Locust scattered about.

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 13.8”.

Breakdown by diameter class:

12” – 14%
14” – 21%
16” – 25%
18” – 27%
20”up -13%

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 as of October, 2014. The Hemlock Wooly Adelgid is present and any Hemlock trees will die out over the next decade. There have been no forest fires in the recent memory.

WILDLIFE

Urban Forest has an abundant wildlife population.

The mixture of mature forest, emerging forest and abandoned farm fields, old fruit trees, coupled with the abundant water supply from the creek 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.

WATER

Urban Forest has a 3/4 mile long blue line stream that drains the side hollows and then eventually sinking into a cave system downstream. There are numerous ephemeral streams that flow during rain events and snow melt. There are some natural springs as well.

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 $247.08. The parcel is listed as 128.21 acres in Falling Springs District, Greenbrier County on Tax Map 40, parcel 8. The deed for the property is found in Deed Book 494, page 452.

Address: Currently, no 911 address issued.

Post Office: Renick WV 24966

As of October 2014, Greenbrier County has a Subdivision Ordinance and all prospective buyers contemplating division of property into lots should consult the Greenbrier County Planning Commission. All prospective buyers should contact the Greenbrier County Commission and Health Department when considering purchasing or developing any property in the county to determine if the property is subject to any additional zoning ordinances.

UTILITIES

Electric – Onsite
Landline Phone – Nearby
Propane – can be delivered
Internet – DirectTV or Dish Network
Cable TV – DirectTV or Dish Network
Water – Naturally occurring springs that could be developed for a water source.
Sewer – Septic systems provide sewage disposal.
Cell phone coverage is spotty in this area.
USPS and Overnight Couriers deliver to the area

SURROUNDING AREA

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.

CAVES

Greenbrier County is Caving Country. Cavers (spelunkers) enjoy the recreational pastime of exploring wild (generally non-commercial) cave systems and have been actively visiting caves in this area since the early 1970′s. Many of the caves’ passageways have been surveyed and mapped. Some of the caves even have rim pools and very unique mineral formations. The entrance to renowned “Friars Hole Cave” is about ½ mile down the road from the property.,

The West Virginia Cave Conservancy is a wonderful organization made up of volunteers dedicated to the preservation of caves and their environs. It is a non-profit corporation whose mission is to preserve and maintain access to the cave and karsts resources of West Virginia and Virginia for future generations. WVCC also provides education to landowners, local governments, developers, and the general public on the value of cave and karst resources. Please visit www.WVCC.net for more information relating to cave conservation.

GREENBRIER RIVER AND RIVER TRAIL

Urban Forest is a 20 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. 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.

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 25 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.