$1,500,000
$2,799,000
46.4%For more information regarding the value of a property, please contact us for a free consultation.
484 Acres Lot
SOLD DATE : 08/25/2020
Key Details
Sold Price $1,500,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 511549
Sold Date 08/25/20
HOA Y/N No
Lot Size 484.000 Acres
Property Description
*** Come VIEW and MAKE an OFFER TODAY ! Incredible mining opportunity located in Ludlow, CA. For millions of years magmatic flows created this amazing collection of real estate. The Bagdad Chase Mine offers nearly 500 acres, and approximately 3000 acres of mining claims that contain IOCG Breccia Systems. These Breccia Systems are colorful deposits of mineralized Iron Oxide Copper-Gold. Originally intended as a GOLD mine, the 1987 Wright Engineers Evaluation Report attached to this listing shows the current proven and probable reserves of 826,388 tons grading 0.148 oz Au/ton with the potential of generating 122,000 oz of GOLD. Multiply that by the current per-ounce-price and we are looking at the possibility of a 9-figure revenue stream. Another great use for the site would be a colorful gravel QUARRY. With water conservation on the rise, rock-scapes will be in high demand. The aggregate rock produced from the mining process has many vibrant shades of gravel ideal for landscaping. Whether you are interested in mining minerals, setting up a quarry, or both the Bagdad Chase Mine has the potential of generating lucrative cap rates. Other highlights include: 260 Foot Well, Ownership of Bagdad Chase Rd, RAILROAD Right of Way, Existing Mine Shafts, and a RICH history with President Roosevelt signing some of the original deeds. Access Type: Private Access # of RV Spaces: 0 Zoning Description: Industrial Lot Location Type: Other Development Status: Other Easements: See Map of Record Frontage Type: Dirt Road Miscellaneous: Build to Suit Utility Adjc to Site: Water # of Attached Spaces: 0 # of Detached Spaces: 0 # of RV Spaces: 0
Location
State CA
County San Bernardino
Interior
Fireplace No
Exterior
Utilities Available Sewer Not Available
View Y/N Yes
View Desert, Valley
Building
Lot Description Horse Property, Level, Rolling Slope
Sewer None
Water Well
Others
Tax ID 0551181040000
Acceptable Financing Cash, Cash to New Loan, Submit
Horse Property Yes
Listing Terms Cash, Cash to New Loan, Submit
Financing Cash
Special Listing Condition Standard
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Bought with Ivan Nyal • CPI Capital Properties