Fully Operational Sand Pit on 40 Acres, Ardmore, OK

Description

THE PIT ON 70

Turner Land Company LLC has been authorized to place for sale 40.44 acres of property located on Highway 70 just south of Ardmore, OK. The Pit on 70 is the only major source for select fill and fill sand in the area. The Chickasaw Nation currently purchases material from this pit through CMS and has some truck maintenance done here. The large shop with overhead crane makes this shop capable of handling any type of maintenance or mechanical work.

Property Features:

• 30 acres of pit available with 15 acres now bonded and currently mined
• 10 acres with Highway 70 frontage and office and shop combination
• Conveniently located just 6 miles from Interstate 35 with Highway 70 frontage
• Pit has proven to be a producer of both select fill and fill sand
• 70' x 150' x 27' insulated shop with 3 phase electrical and compressed air
• 30' x 40' completed office space with 2^nd story above
• 10-ton overhead crane spans the width of shop (70') and the length of shop (150')
• 5-14' x 16' overhead doors in the front
• 3-14' x 16' overhead doors in the back
• 1-24' wide x 16' tall airplane hangar door for large equipment repair
• 6" Gorman Water Pump

Equipment to remain with sale:

1-John Deer Loader 544J

1-Caterpillar D-6D Dozer

1-Komatsu PC308 Trackhoe

Pit Specifications:

Pit has a total of 30 acres with 15 acres currently bonded and in use.

Approximately one-half of 15 acres has been mined. 3 acres of select fill left within those 15 bonded acres. Unlimited amount of fill sand.

The following is a breakdown of pit as provided to us:

1500 yards of material per acre foot

We estimate 7.5 acres left in current bonded area with 15 more acres left to bond and mine. 

- 3 acres of select fill x 5' depth = 24,200 yards x $7.00 per yard ......................... $169,400.00

- 7.5 acres of fill x 4' depth = 48,398 yards x $5.00 per yard .............................. $241,990.00

- 7.5 acres of sand x 24' = 290,400 yards x $4.00 per yard .............................. $1,161,600.00

- Current totals left in bonded area now being mined ...................................... $1,572,990.00

Based on the above estimations of thickness and area the remaining unbonded 15 acres would have the following potential:

- 15 acres of select fill x 5' depth = 121,000 yards x 7.00 per yard ....................... $847,000.00

- 15 acres of fill x 4' depth =96,800 yards x $5.00 per yard .................................. $484,000.00

- 15 acres of sand x 24' depth = 580,800 yards x $4.00 per yard ...................... $2,323,200.00

- Current totals in unbonded area not yet mined ............................................ $3,654,200.00

Estimated equity left in 15 acres of bonded area and 15 acres nonbonded .......... $5,227,190.00

Additional Feature Estimates:

70' x 150' x 27' all steel insulated industrial wired 3-phase shop ........................ $472,000.00

10 ton overhead crane 70' wide x 150' travel free standing ............................. $120,000.00

30' x 40' two story completed office space .................................................... $175,000.00

Commercial sign beside Highway 70............................................................. $10,000.00

Gravel, site prep entry roads and parking lots ................................................. $20,000.00

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Estimated total of values onsite ..................................................... $6,024,190.00

The above figures are estimates only based on information given to us. The values denoted in the pit area are sales only and do not reflect costs incurred during the mining process. Responsible parties should do their own fiduciary research.

TURNER LAND COMPANY LLC. HAS BEEN AUTHORIZED TO PLACE ON THE MARKET THE ABOVE PROPERTY AND EQUIPMENT IN ITS ENTIRETY AS OF MAY 18, 2022. THIS IS A MODERN WORKING PIT ALONG WITH A VERY HIGH-END SHOP AND OFFICE COMPLEX. THE NECESSARY EQUIPMENT TO OPERATE THIS PIT WILL BE LEFT ON SITE WITH THIS SALE.

Current Listing Price for Total Package (Pit, Shop, and Equipment):

$2,250,000

Current Listing Price for 10 Acres with Shop and Overhead Crane:

$1,600,000

Current Listing Price for 10 Acres with Shop without Overhead Crane:

$1,500,000

When purchasing a property listed by Turner Land Company LLC, a Buyer's Broker, if applicable, must be identified at first contact and must be present at the initial showing of the property in order to participate in a real estate commission. If these conditions are not met, compensation, if any, will be at the sole discretion of Turner Land Company LLC.