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The auction will be held on Thursday, July 28th at 10:00AM at
Delaware Technical Community College
Conf. & Training Center, Room CTC 400
100 Campus Drive
Dover, Delaware 19904
Thursday, June 23rd, 4-6PM
Thursday, July 7th, 4-6PM
Held on site at the Jackewicz Residence 2955 Walnut Shade Road Magnolia, DE 19962.
The home and buildings will be open for inspection and auction representatives will be available to answer any questions regarding the property or auction process.
Located within Kent County’s Growth Overlay Zone and only minutes from Downtown Dover and Highway 1 sits an incredible investment opportunity.
This unique property is comprised of highly productive irrigated farmland, multiple farm buildings including a 25,000 SF produce packing and cold storage facility and a custom brick two story home.
The property is zoned Agricultural Conservation which allows for a wide range of potential uses from farming to low density single family home development.
Tract 1: 3.97 Acres ideally situated at the intersection of Walnut Shade Road and Briarbush road for a wide range of possible future uses.
Tract 2: 3.68 Acre potential home site currently being farmed.
Tract 3: 3.68 Acre potential home site currently being farmed.
Tract 4: 182.89 Acres with 182± of those acres being tillable irrigated farmland. This productive farmland is serviced by a well with a pumping rate of 720,000 GPD and capacity of 500 GPM. The irrigation equipment includes a 12 tower center pivot and 6-cyliner Detroit Diesel power unit.
Tract 5: 134.41 Acres of which 123± are irrigated tillable farmland. The irrigation is currently provided by two sources including a well with a pumping rate of 1,728,000 GPD and capacity of 1,200 GPM and surface water via Voshell Pond with a pumping rate of 2,160,000 GPD and capacity of 1,500 GPM. The irrigation equipment includes an 11 tower center pivot, a 6-cylinder Volvo Penta Diesel power unit and a portable diesel power unit. Five farm buildings are on Tract 5 including a 25,000 SF packing and cold storage facility, a 5,200 SF steel vehicle shop, a 3,840 SF masonry tool shop, a 6,050 SF wood frame storage shed and a 600 SF two car garage.
Tract 6: 1.53 Acres including a stately brick two story home. Home description on following page.
Tract 7: 2.87 Acres along Walnut Shade road with an 8,800 SF labor housing facility.
A five percent (5%) Buyer’s Premium will be added to the final bid price and included in the contract purchase price.
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#TBT to 5 years ago this week & the East Coast Brokers & Packers auctions in Florida and Virginia in which we sold over 10,000 acres of tomato producing farmland, storage and packing facilities, and equipment in partnership with @CrosbyAssocs @weeksauction and @WoltzRealEstate pic.twitter.com/aHYeZUgM1u
**REMINDER** - Meigs County, OH Open House tomorrow - Thursday, August 16th from 4pm-6pm EST at the Salem Township Fire Station #6 in Langsville, OH. 423 acres in 17 tracts PLUS a hunting lease up for auction! For more information, visit: http://www.murraywiseassociates.com/farmland-real-estate/auction/ItemId/127/Ohio/Meigs-County?utm_source=Email+Database&utm_campaign=1f40bb535c-AEP+-+Morgan_COPY_01&utm_medium=email&utm_term=0_d05924d421-1f40bb535c-216036305 … pic.twitter.com/3LCkBgbJis
Brooke Didier Starks with Meyer Capel says, "Plans that irrevocably lock farmland in arrangements for extensive years eventually run the risk of resulting in unrealistic outcomes."
Read 4 other tips here! http://www.murraywiseassociates.com/Blog/farm-succession-planning-5-thoughts …
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