$367,000
*McCullough, AL - Enticing Option in Place - 56.2 Acres* Offering 56.2 acres of beautiful, level farmland located just outside the city limits of Atmore, Alabama. This expansive property is almost entirely cleared, providing an excellent opportunity for continued agricultural use and a variety of farming operations. Conveniently located just 15 minutes from downtown Atmore and approximately one hour from Pensacola, Florida, the property offers a rural setting with convenient access to shopping, dining, and the Gulf Coast beaches. An existing five-year option agreement (4 years left) is in place and available in the listing documents for review. The agreement provides for annual payments of $50,000 for the duration of the option, until the property is purchased or the option expires or is otherwise terminated in accordance with its terms. The option purchase price is $12,500 per acre, with an estimated total purchase price of $702,500, subject to a survey and confirmation of the exact acreage. The agreement also includes provisions regarding the optionee’s approval of offers accepted by the owner and the continued agricultural use and preservation of the property while the option remains in effect. Buyers are encouraged to review the existing option agreement and all applicable terms carefully to understand the obligations and conditions associated with the property. With its level terrain, extensive cleared acreage, convenient location, and existing contractual arrangement, this 56.2-acre tract presents a unique opportunity for agricultural land ownership in the Atmore area. Buyer to verify all information during due diligence.
412933
MLS
00 Rube Steadham Rd, Atmore
