Gray's Creek Timber Company is a 1,345 acre tract of land located just a few short minutes south of Downtown Hernando, MS and less than 30 minutes from Memphis, TN. A rare find in a property that offers deer, ducks, turkeys and great fishing all on one property. There is approximately 670 acres in hardwood CRP which generates $50,000 per year in income and this amount could possibly be increased to approximately $75,000 per year with new owner. 4 miles of frontage along the Coldwater River.