$204,000
0 Nimshew Road Magalia, CA 95954
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Listed by Joseph Gourley • Joe Gourley, Broker
$204,000
Est. payment /mo
871,200 SqFt
UPDATED:
05/26/2024 12:37 AM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 871,200 sqft
Price per Sqft $0
MLS Listing ID CRPA24102879
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 20.000 Acres
Property Description
LOOK at this! Economy got you down? 401k Down? Food UP? Afraid of losing your assets? Once in a generational lifetime opportunity here! Actual Patented Gold mine consisting of 20 surface acres and 250 acres (+/- 10) of patented mineral rights. Mineral Slide Mining Company used to own in the 1800's next door to the infamous Lucky John Gold Mine. Both mines shut down due to the War Production Board Ban, not because they ran out of GOLD. Estimates from the 80's state 2.4b in today's values left untouched under the town of Paradise. Obvious permitting needed after the initial 1000 yards. Buyers to look into all aspects themselves of production mining. Sellers want a small royalty from the lucky parties that get this mine into production. That's just the mine part. How about also, a gorgeous parcel of land that can be even further beautified by clearing brush and dead trees from over growth. Lots of sun, beautiful views. Has deeded and prescription access rights. Private parcel makes you feel away from it all, but only a short drive back into town. Truly an entrepreneurial endeavor awaits here. Not a big time production miner? That's okay, its purported that a couple gents could do well if they prospected to find the remaining pay streaks that old inefficient mining techniques left be
Location
State CA
County Butte
Interior
Fireplace No
Exterior
View Canyon, Mountain(s), Panoramic, Trees/Woods, Other
Building
Lot Description Sloped Down, Secluded
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