$160,000
$160,000
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160 Acres Lot
SOLD DATE : 08/08/2019
Key Details
Sold Price $160,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 493774
Sold Date 08/08/19
HOA Y/N No
Lot Size 160.000 Acres
Property Description
*** Magnificent mining opportunity in Newberry Springs CA. This 160 acre parcel is located right next to RHEOX Inc where they are mining Hectorite The RHEOX Mine, 32 miles east of Barstow, California, siding along the Santa Fe Railroad that parallels Interstate Highway 40, is a world-class source of hectorite, a thixotropic magnesium lithium silicate clay that formed when lithium and fluorine were introduced into fine lacustrine volcanic sediments through hot springs activity. Hectorite is used in cosmetics, household cleaners, plastics, rubber, paints, paint strippers, coatings, greases, adhesives, paper, and inks. This deposit has been supplying the highest grade thixotropic clay to the coatings industry continuously for over 50 years and contains reserves to support mining well into the next century. Also, the Fort Cady Minerals Corp. is in the area mining colemanite (calcium borate). See MINERAL LAND CLASSIFICATION FOR THE BARSTOW-NEWBERRY SPRINGS AREA attached to this listing. These lucrative minerals makes this parcel a must see opportunity worthy of serious consideration. Seller will carry with easy terms 33% down 7% amortization over 30 years due in 10, 50% down 5% amortization over 30 years due in 10, 67% down 3% amortization over 30 years due in 10. *** Access Type: Public Access # of RV Spaces: 0 Zoning Description: RC Resource Consrvat Lot Location Type: Other Development Status: Raw Land Easements: See Map of Record Frontage Type: Dirt Road Miscellaneous: Build to Suit Utility Adjc to Site: Electric # 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, Gentle Sloping
Sewer None
Others
Tax ID 0529251050000
Acceptable Financing Cash, Submit
Horse Property Yes
Listing Terms Cash, Submit
Financing Seller Financing
Special Listing Condition Standard
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Bought with Jeffrey Nyal • Coldwell Banker Home Source
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "