Elk Country Timberlands

Property Map

Elk Country Timberlands

St. Marys , Pennsylvania

Located in the heart of Pennsylvania’s elk country and including a top-notch trout stream reminiscent of the United Kingdom’s fabled chalk streams, the Elk Country Timberlands represents a first-rate recreational property with a strong investment case backed by solid cash flow in one of the premiere hardwood growing regions of the world. The property consists of approximately 9,894 acres in five parcels, the two largest of which consist of over 7,000 acres in close proximity to each other. Various age classes of black cherry, red oak, soft and hard maple and a variety of other species provide the base timber inventory. Active management has established a solid road network and a tightly structured future harvest plan designed to maximize return on investment, while creating a mosaic of landscapes for wildlife. These combined efforts have created one of the best timberland investment opportunities on the eastern seaboard. 


Located in Elk County, Pennsylvania on the outskirts of St. Marys, this portfolio of five parcels is located within a 30-minute drive of each other. St. Marys lies in the center of Pennsylvania’s elk country, one of the only areas east of the Mississippi that allows hunting of wild elk. St. Marys is easily reached from a wide variety of metropolitan areas, including:

  • Pittsburgh, PA: 120 miles, 2.5 hour drive time
  • Buffalo, NY: 125 miles, 2.5 hour drive time
  • Philadelphia, PA:  270 miles, 5 hour drive time
  • New York, NY: 300 miles, 5 hour drive time

St. Marys has a private airstrip with a 4,300-foot paved runway at around 1,900 feet above sea level that adjoins the property, providing immediate access for a new owner that likes to fly private. In DuBois, around 30 miles away, there is a 5,500-foot paved runway at 1,800 feet above sea level.


Elk Country Timberlands is located on the Allegheny Plateau in an area renowned for its hunting, fishing, farming heritage, and hardwood timber production. A mix of national forest and extensive state-managed hunting lands adds to the area’s character and creates a land surface ownership reminiscent of the western U.S. A number of nearby attractions create a recreational mecca that regularly draws visitors from as far away as New York and Philadelphia. A few of the more notable nearby destinations include:

  • The Clarion Wild and Scenic River: rafting, fishing and wildlife
  • Allegheny National Forest: hiking, hunting and wildlife
  • The West Branch of the Susquehanna River: fishing
  • Sinnemahoning State Park: elk viewing and eagle’s nests

The general area consists of over two million acres of mixed hardwood and conifer forest, the signature characteristic of the region. 

General Description: 

The region is known for rolling to mountainous forested hillsides that provide prolific coloring during the fall leaf season.  Elevations on the parcels range from lows of around 1,400 feet above sea level on the Kersey Run tract to nearly 2,400 feet above sea level on the Trout Run South parcel. Topography is typical of the Allegheny Plateau, with deep hollows running with clear streams to ridge top flats that accumulate snow in the winter, providing deep steady watering through the spring growing season.


Elk Country Timberlands consists of five parcels containing 100% deeded acreage:

  • Trout Run North:       1,576.4± acres
  • Trout Run South:      5,436.1±  acres
  • Wolf Lick:                 1,497.2±  acres
  • Laurel Run:                 346.0±  acres
  • Kersey Run:             1,039.0±  acres

 TOTAL                              9,894.7±  acres


All five parcels are unimproved, except for a small picnic area that is maintained and managed by the hunting lessee on the Trout Run South parcel.

Opportunities for development of residential home sites are available at Trout Run North (40-acre development parcel), Trout Run South (40-acre development parcel) and Wolf Lick (two parcels, approximately 40 and 53 acres each, with highway frontage on each).

General Operations: 


The current owner has managed the property for a sustained yield of premium hardwood.  The property is certified to the Forest Stewardship Council (FSC) principles and criteria that protect forest attributes such as water quality, biodiversity, wildlife habitat, and species at risk. It is backed by strong global acceptance in the marketplace and certifies that logs are derived from legal and responsible sources. The standard includes chain-of-custody verification. Certification is especially important at a time when there is growing demand for green building and responsible paper purchasing, thus creating added value to the Elk Country Timberlands. FSC certification provides prima facie evidence of the ultra-high standards that are applied to the ongoing management of these exceptional properties.

Management is focused on balancing timber production with a few other high-level outputs, notably ecosystem services in the form of clean air and water. For example, special attention has been applied to reduction of sediment loads to protect and enhance the brook trout fishery on the Trout Run parcels. Extensive road improvements have also included refurbishment of old and degraded roads and the existing road network on all parcels greatly facilitates a full range of management and recreational activities.

In terms of actual timber stocking levels, dominant commercially valuable species and their approximate volume are estimated in the table below.*

*Volume estimates from 2017



Approximate Sawtimber Volume (MBF-D)

Percent of Volume

Red Oak



Soft Maple



Black Cherry



Hard Maple






White Ash



Other Hardwood



Other Softwood



Softwood Pulpwood (Tons)



Hardwood Pulpwood (Tons)



Total (MBF-D)












Cash flows from timber harvest could be meaningful, depending upon the new owners financial objectives.  Also, hunting leases generate steady, ancillary income, if so desired.   Additional details are available upon request.

The sustained and thoughtful management of this property, together with the FSC certification, creates an ideal opportunity for a new owner to step into a legacy-grade timber investment enterprise.  

Recreational Considerations: 

Elk Country Timberlands sits dead center on the hunting, fishing and outdoor recreational paradise of western Pennsylvania. The Allegheny Plateau has long been recognized as a premiere eastern destination for hunting, including wild elk, whitetail deer, bear, turkey, and a host of lesser species. Fishing, hunting, equestrian uses and backwoods travel by four-wheel drive are the principal activities enjoyed by both visitors and residents of the area.


Elk Country Timberlands sits in the northeast portion of Pennsylvania’s Elk Hunting Zone.

  • Trout Run North and South: Elk Hunting Zone 2
  • Wolf Lick: Elk Hunting Zone 2
  • Laurel Run: Elk Hunting Zone 1
  • Kersey: Elk Hunting Zone 1

Additionally, the Trout Run tracts provide good fishing for eastern brook trout with the Trout Run South providing many miles of private frontage on a significant Pennsylvania trout stream.

The hunting seasons in Pennsylvania run nearly year-round with few times in which there is no hunting available. Spring gobbler season begins in April, while deer hunting extends well into December. In the few in between months, a variety of lesser species may be hunted to keep the outdoor adventures going. A detailed list of species and seasons can be found on line at the following URL:



Total taxes: $43,239

MunicipalityProperty TaxesSchool Taxes

City of St. Marys

Fox Township$1,821$3,182
Jay Township$12,096$18,375
Additional Information: 


Over the last several decades, timberland investment has become an emerging asset class contributing tangible and durable strength to a balanced portfolio. Timberland investment can be loosely defined as the acquisition and management of high-quality timberlands to produce a long-term financial return. Key features of timberland include biological appreciation, positive market dynamics, low correlation against other asset classes, and soft values such as ecosystem services, conservation potential, and other related outputs.

Timberland joins a variety of other asset classes in providing a hard-asset alternative to equities and fixed income instruments, the mainstays of investment portfolios for many years. As a real asset, timberland holdings derive their value from their utility: wood and wood products are in wide demand and only face a rising demand curve as populations and economies grow. Further, there is exhaustive academic research that supports timberland’s ability to hedge inflation, an important component of any wealth preserving portfolio. In other words, timber prices tend to rise during periods of high inflation, thus providing an excellent inflationary hedge.

Timberland returns are largely driven by biological growth, which also reduces return volatility. Simply put, trees continue to grow regardless of market conditions. Asset value can be stored on the stump with minimal cost until such a time as market conditions favor liquidation. Biological growth creates cash-flow optionality and is unique to this asset.

Positive market dynamics of timberland assets relate to a strengthening economy, population growth, and the simple fact that wood and wood products are used in almost every conceivable category of consumption. Environmental regulation and residential encroachment further narrow the supply of available high-quality timberlands and thus the two intersecting curves of dwindling supply and increased demand speak to very favorable long-term potential for a sound return on investment from timberlands.

Low correlation to most other major asset classes suggests that timberland investment can directly influence the overall volatility of an individual or institutional portfolio. Finally, for those interested in socially responsible investments, timberlands also provide significant ecosystem level returns in the form of clean air, clean water, wildlife habitat, and other related goods. As markets emerge for water, carbon and other specific quantifiable outputs, ancillary revenue streams may emerge over the long run.


Conservation easements exist on all parcels, except for Laurel Run. Generally, the easements require the owner to maintain Forest Stewardship Council certification status and updated and approved forest management and harvest plans. All hunting and fishing rights are reserved to the owner on the two Trout Run parcels, the two largest and nearly contiguous parcels that total around 7,012 acres. On the Wolf Lick and Kersey Run pieces, the public is granted access for hunting, fishing and general enjoyment.  All public access is non-motorized. Details are available on request. 

Broker Comments: 

With significant timber value alone, the residual land asset represents a bargain value recreational investment. For the return-oriented buyer, the Elk Country Timberlands offers a diversified and durable investment opportunity, along with years of quality eastern fly fishing, excellent privacy, and some the east coast’s only elk hunting.

Additional Services: 

MANAGEMENT SERVICES – Hall and Hall’s Management Division has a very clear mission–to represent the owner and to ensure that his or her experience is a positive one. Services are customized to suit the owner’s needs. They often begin with the recruiting and hiring of a suitable ranch manager or caretaker and are followed by the development of a management or operating plan along with appropriate budgets. Ongoing services include bill paying, ranch oversight, and consulting services as needed. Even the most sophisticated and experienced ranch owners appreciate the value of a management firm representing them and providing advice on local area practices and costs.Wes Oja and Jerome Chvilicekat (406) 656-7500 or Justin Bryan at (325) 260-5883 are available to describe and discuss these services in detail and welcome your call.

RESOURCE ENHANCEMENT SERVICES – Increasingly the value of a ranch is measured by the quality of each and every one of its resources. Coincidentally, the enhancement of a ranch’s resources also increases the pleasure that one derives from the ownership of a ranch. Our management services have included the assessment of everything from wildlife habitat to bird habitat to water resources and fisheries and the subsequent oversight of the process involved with the enhancement of these resources. Wes Oja, Jerome Chvilicek or Dan Bergstrom at (406) 656-7500 or Justin Bryan in our Abilene office at (325) 260-5883 are available to describe and discuss these services in detail and welcome your call.

AUCTIONS - Hall and Hall Auctions offer “Another Solution” to create liquidity for the owners of Investment-Quality Rural Real Estate.  Our auction team has experience in marketing farmland, ranchland, timberland and recreational properties throughout the nation.  Extreme attention to detail and complete transparency coupled with Hall and Hall’s “Rolodex” of more than 40,000 targeted owners and buyers of rural real estate help assure that there are multiple bidders at each auction. In addition, the unique Hall and Hall partnership model creates a teamwork approach that helps to assure that we realize true market value on auction day.  For more information on our auction services contact Scott Shuman at (800) 829-8747.

APPRAISALS - Staying abreast of ancillary market influences in ever-changing economic conditions requires a broad professional network to tap into. Finding an appraiser who not only understands the numbers but also the differences in value from one area to another is a critical part of making an informed decision. The appraisal team at Hall and Hall, formed entirely of Accredited Members of the American Society of Farm Managers and Rural Appraisers (ASFMRA), has that critical network of brokers and lending professionals. This professional network coupled with diverse experience across multiple regions and market segments allows our appraisal team to deliver a quality product in a reasonable timeframe.  For more information contact our appraisal team at (406) 656-7500.

SPECIALIZED LENDING - Since 1946 Hall and Hall has created a legacy by efficiently providing capital to landowners.  In addition to traditional farm and ranch loans, we specialize in understanding the unique aspects of placing loans on ranches where value may be influenced by recreational features, location and improvements and repayment may come from outside sources. Our extensive experience and efficient processing allows us to quickly tell you whether we can provide the required financing.

Competitive Pricing  |  Flexible Terms  |  Efficient Processing
Dave Roddy • (406) 656-7500 
Mike Hall or Judy Chirila • (303) 861-8282
Monte Lyons • (806) 698-6882
J.T. Holt • (806) 698-6884


Pennsylvania disclaimer.

NOTICE: Offering is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classifications, acreages, carrying capacities, potential profits, etc., are intended only as general guidelines and have been provided by sources deemed reliable, but whose accuracy we cannot guarantee. Prospective buyers should verify all information to their satisfaction. Prospective buyers should also be aware that the photographs in this brochure may have been digitally enhanced.