Introduction
The Piney Creek Ranch consists of 900± deeded acres. This
is an unbelievable investment opportunity for the developer with a vision for the future.
The land is located directly in the path of future development in Johnson County.
Possibilities are endless, which could include a master development plan, a trophy ranch,
or a golfing, fly-fishing, equestrian-ranchette development.
Location and Access
This scenic tract of land is located southeast of Story, Wyoming along Piney
Creek and on both sides of Highway 193. The property has excellent, year-round access off
the west side of Old Highway 87. Only a short distance from the bustling towns of Buffalo
and Sheridan, this property offers the perfect setting to rest, relax, and enjoy scenic
beauty, privacy, and seclusion with views of the Big Horn Mountains and Lake DeSmet. The
topography is diverse, the scenery is gorgeous, and the year-round recreation resources in
the immediate vicinity are outstanding.
Size and Description
The
Piney Creek Ranch consists of 900± deeded acres with 160 acres of State of Wyoming
Lease, but has no public access. The property consists of lush meadows, rolling hills and
dramatically beautiful draws filled with oakbrush, chokecherry, buckbrush, and other
native species. There are many varieties of trees and an abundance of grasses and shrubs
which provide excellent cover for the varied
wildlife species which include antelope, white-tailed deer, mule deer, elk, upland birds,
and wild turkeys. Piney Creek traverses from the western boundary to the eastern boundary
of the property which is approximately two miles. The creek bottom is serene with rushing
water, beautiful tree cover, and excellent fishing. There is also a reservoir located on
the property.
This property
includes a small, secluded ranch house with a fenced yard, complete with apple trees. In
addition to the ranch house, there is a garage, three small storage buildings, small barn
with a tack room, an older corral system, and two loafing sheds. The larger loafing shed
has the potential to store vehicles or equipment.
Recreational Resources
The Piney Creek Ranch offers immediate access to the Lake
DeSmet recreation area in addition to the excellent wildlife habitat on the property. The
Big Horn National Forest offers over one million acres of scenic recreational lands
available for public use. The recreational amenities on or near the property include the
following:
| Hunting |
Four-wheeling |
Rock
climbing |
| Golfing |
Snowmobiling |
Horseback
riding |
| Fly
Fishing |
Camping |
Mountain
bike riding |
|
Canoeing,
boating & swimming |
Cross-country
skiing |
Wildlife
watching |
| Downhill
skiing |
|
|
State Leases
State of Wyoming lease # 2-5280:
159 AUM’s at $4.78 per AUM equates to $760.02 annually, expires February 1, 2008.
160 Acres: Township 53 North, Range 83 West, 6th P.M., Sheridan County,
Wyoming, Section 22: E1-2NW1/4, N1/2NE1/4
Mineral Rights
All mineral rights presently owned by the sellers shall be transferred to the
buyer.
Water Rights
All water rights permitted and adjudicated to the subject
property shall be transferred to the buyer.
Community Amenities
The community of Story, Wyoming is located at the base of the
Big Horn Mountains between Sheridan and Buffalo and has a variety of restaurants, a
country store, library, post office, and churches. The area is rich in history with many
historical sites nearby, such as Fort Phil Kearney, Fetterman Massacre Battlefield, and
the Wagon Box Fight Site and is also home to many area artists and writers.
The community of
Sheridan, Wyoming is located approximately 20 miles north of the Piney Creek Ranch with a
population of 15,804. Sheridan County has several complete school systems in addition to a
community college and a vocational center. There are also two hospitals, several nursing
homes, churches, theatres, pools, parks, ball fields, an outstanding YMCA, Big Horn
Equestrian Center, polo grounds, nearby ski area, golf courses, an airport, and full
service shopping.
Please see the following for more
information:
www.sheridanwyoming.org
www.city-sheridan-wy.com
www.sheridancounty.com
www.sheridanwyomingchamber.org
Commercial air
service is available in Sheridan, the Billings, MT airport is two hours north, and the
Casper, WY airport is one and a half hours south of the property. Flight information out
of Sheridan can be accessed at www.ohwy.com/wy/s/shr.htm.
Buffalo, Wyoming,
population approximately 3,900, is an outstanding community with all the desirable
amenities of a traditional, rural Wyoming town. It has an excellent school system, YMCA,
free outdoor swimming pool, an incredible 18-hole golf course, an excellent public
library, full-service medical facilities, several banks, churches, restaurants, historic
downtown with many retail stores, veterinary clinics, and a paved landing strip capable of
handling small, private jets with a lighted 6,158 foot runway.
Please see the following for more
information:
www.buffalowyoming.com
www.buffalowyo.com
Real Estate Taxes
The real estate
taxes for the property can be estimated at the Sheridan and Johnson County Assessor’s
Office. Wyoming offers an extremely favorable tax climate.
| No personal income tax |
Low retail sales tax |
| No corporate income tax |
Low property tax |
| No gross receipts tax |
Favorable inheritance tax |
| No inventory tax |
Favorable unemployment tax |
Offering Price
The Piney Creek Ranch is being
offered for $9,000,000 (Nine Million Dollars).
Conditions of Sale
The sellers
shall require an all cash sale and reserve the right to effectuate a tax deferred exchange
for all or part of the sale price, pursuant to Section 1031 of the Internal Revenue Code
and Treasury Regulations promulgated thereunder with no liability or expense to be
incurred by the buyer (in connection with the seller’s tax-deferred exchange).
I.
All offers shall be:
a. in writing,
b. accompanied by an earnest money
deposit check in the
minimum amount of
5% of the offering price. |
|
II. All
earnest money deposits will be deposited in the Listing Broker’s
trust account, or appropriate escrow. |
|
III. The sellers shall
provide and pay for an Owner’s title insurance policy
in full satisfaction of the negotiated purchase
price. |
|
IV. Both buyer and
seller shall be responsible for their own attorney’s
fees. |
|
FENCES AND
BOUNDARY LINES
The seller is making known to all potential purchasers there
may be variations between the deeded property lines and the location of the existing fence
boundary lines on the subject property. Seller makes no warranties with regard to location
of the fence lines in relationship to the deeded property lines, nor does the seller make
any warranties or representations with regard to specific acreage within the fenced
property lines. Seller is selling the property in an “AS IS” condition, which
includes the location of the fences as they exist. Boundaries shown on accompanying maps
are approximate, based on the legal description. Maps are not to scale and are for visual
aid only. The accuracy of the maps and information is not guaranteed.
THIS PROPERTY IS PARTIALLY BROKER
OWNED. East Slope Properties is the Exclusive Agent for the seller of this
offering. All information has been obtained from sources deemed reliable by Eastslope
Properties; however, the accuracy of this information is not
guaranteed or warranted by either East Slope Properties or the
sellers, and prospective buyers are charged with making and are expected to conduct their
own independent investigation of the information contained herein. This offering is
subject to prior sale, price change, correction or withdrawal without notice. |
