There is not a cache at the posted coordinates.
Go there instead to find a passphrase you will need. It is a word with an arrow through it.
The final location is on private property with permission, in fact one of the guys here is a close caching buddy of mine. The final location has to do with another great hobby, so you may find it quite full of muggles at certain times. When you do get to the final location, you will find an object similar to the one you retrieved the code word from, that should put you within range of the cache. There are also a few red herrings in the area, all things that a cacher should recognize... and you may get to play a game of ‘cold–warm–hot’ in order to find the actual cache. Be sure you find and sign the actual log, and not one of the red herrings.
For fun you could post in your log how many red herrings you were able to find - who can find the most?
I left a micro-compass and a fiver in there for the first finders. HAVE FUN! :-)
You can check your answers for this puzzle on GeoChecker.com.