Real Estate Auction: 71 Acres with Lake, Gas & Mineral Rights

Bob & Sallie Connelly will conduct an onsite Auction of the Real Estate at 2117 State Highway 220, McDonough, NY 13801 on Saturday, October 9, 2010 at 1:00 pm with an Open House Sunday, September 12, 2010, noon to 4 pm and by appointment. The property is selling AS IS with a Warranty Deed. The minimum opening bid is $250,000 and the buyer's premium is 10%.

Photos of the property are displayed in an AuctionZip Gallery and in the slideshow preview below.

The property includes two buildings and over 4,000 ft of frontage on Butler Road and State Highway 220, with entrance roads off both. Located in Chenango County with many active gas wells, and in the productive Marcellus shale formation, it includes all gas and mineral rights, making it a potentially profitable acquisition. With its own 10 acre kettle lake and 7000 acres of State forest surrounding it, the property is a dream come true for nature lovers, fishermen and hunters.

Located halfway between New York City and Buffalo, the property was originally developed by FDR's Civilian Conservation Corps and is classed "seasonal" with no utilities. Combined annual taxes are $3440. The stocked lake hosts 3 beaver lodges and supports many indigenous species of birds and wildlife. The buildings, which haven't been used in 15 years, have metal roofs, but need maintenance. The green building has a wood burning stove and privy. The red building has a shed nearby.

Additional details, photos, and directions are available in the auction brochure (PDF: 571KB), which is also available in a slim version (106KB) without photos.