Highway 38

Looking for a great investment property--this 60.23-acre tract could be it. In addition to having excellent farmland, the property also has a cell tower with a lease on the property until 2044. The lease currently pays $907.50 per month and increases by 10% every five years. The next scheduled increase will be on 6/18/2029. The remainder of the property is currently being farmed and is under a farm lease until the end of 2026. This parcel has numerous possibilities, whether it be commercial use fronting on new Hwy. 38, residential use on old Hwy. 38, farming and timber use. It is located approximately nine miles from Interstate 95, so it is easily accessible from all directions. Great for investment, a recreational tract, or a quiet homeplace located near Blenheim. The property is subject to a right of first refusal held by the cell tower company.