I’m the process of closing a deal (my first deal actually) and figured out that there is a natural gas pipeline running straight through the eastern part of the property. First noticed this in google earth, looks like another road or something running for miles. This is a 5.5 acre parcel with a purchase agreement of $7,000.00 in Hickman county Tennessee. Most properties in the area, as well as this one, have assessed values around 3-4K per acre, comps support this; but with the gas pipeline running through the property I’m a little worried this would be of major concern to a potential buyer once I go to sell.
Has anyone bought and sold a property successfully with this issue in the past? Was the value of the property affected by this? Is this something to be genuinely concerned about, or am I being over cautious?
Thanks in advance for any feedback. It is greatly appreciated.
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