Canadian River Ranch 439
This parcel is the eastern portion of the Canadian River Ranch. This portion of the ranch has a nice mixture of flat bottom ground along Gar Creek that features larger hardwood timber and some open meadows. It then transitions up 270 feet to the high ridge above that is covered with post oak and blackjack oaks. This parcel has a great combination of timber types that provide both bedding and acorns as well as meadows full of transitional browse that whitetails need to thrive through the spring and summer. The property has a half mile of public road frontage and is high fenced along the frontage. A nice entry allows easy access to the parcel. The next owner would need to cut trails and add whatever improvements desired as this part of the ranch has been relatively untouched except for a small shed with electricity. There is a basic trail system that runs to the north end of the ranch. But if you take the time and effort to walk up to the cliff, you will have an amazing view of the property and surrounding area. Plus, there is a small cave in the side of the cliff that you can explore. It is the definition of peaceful. A small creek and two small ponds provide water for wildlife on this property. You can see the full listing including video on the 11,400 acre Canadian River Ranch listing.
This property is now part of a federal bankruptcy proceeding and will be subject to a stalking horse bid process. A brochure on how this process works has been attached as a document. In summary, we are seeking a fully qualified buyer to make an initial, non-contingency offer on the property. Once this offer is submitted, it will serve as the opening bid (stalking horse bid) on the property in an auction that will be held approximately 30 to 45 days later in bankruptcy court. The details of the stalking horse bid will be advertised to other prospective bidders. If the stalking horse bid isn't the high bid in the auction, then the stalking horse bidder with receive 2% of the gross sales price at the closing of the property for having served as the stalking horse. If you are looking for a raw piece of land to steward, please call Kelly Hurt at 580 421 7512 to discuss. If you have any questions about how the bankruptcy proceedings would affect the manner or timing of a transaction, please contact Heather Milazzo at 646 381 9207 or email her at HMilazzo@keen-summit.com