On North Shore Rd, Lake View, Maine, 04463
Schoodic Lake Forest is a 2,857 +/- acre timber tract with about 2 miles of frontage on Schoodic Lake. The acreage is a hardwood heavy timber tract with a centrally located hill site offering incredible view potential. A good choice for a 1031 exchange property.
Two road systems access the land. One unencumbered logging road running south to north through the western side of the parcel. The other road on the property is a shared right of way with camp owners along the western shore of the lake. This road runs south to north along the eastern boundary.
Sales to abutting camp owners have been a historic source of revenue for exceptional ROI, some with per acre prices more than 10 times the current asking price of the property. These sale opportunities are likely to continue into the future as camp and home owners wish to enlarge their holdings. One year to year lease used for a stump and wood debris site provides yearly income.
The timber on the property is growing well. The most recent timber inventory was completed in September of 2013 with an estimated 27,000 +/- cords. With nearly 5 years of growth since then and no harvesting having been done, estimates of over 30,000 cords are likely.