78.8 Acres in Rayville, LA - $286,000

78.8 ac approved mitigation land in Richland Parish, LA Land for Sale

This is an excellent long-term investment opportunity. This mitigation bank package consists of approx. 78.8 ac of approved acres. See Mitigation Data Sheet for total credits available.

In a nearby approved bank, the current owner has already sold approx. 169 credits at an average of approx. $2200/credit. This is roughly $9350/ac for mitigation acres. Keep in mind, the land still belongs to the owner even when credits are sold. It will continue to grow and increase in overall wildlife habitat. Minerals can be leased on the tract as on any other land.

Please see the Mitigation Bank Data Sheet below and a Spring 2011 article on the Bee Bayou & Cypress Creek banks. (Note: Bee Bayou is an 296 ac approved and pending approval bank and is a separate listing).

This property cannot be divided or pulled out of the approved banks. ...