It all probably depends on the particular county's policies and regulations.
In my county, there would be several options. One, to simply declare the road to be 'minimum maintenance', and the county discontinues maintaining it and you're on your own with it.
Then too, in my county, if the road were to be abandoned completely and done away with, and if there were different property owners on each side, the original property line fences would be removed, the road surveyed to establish the exact property line, and a new fence constructed down the center of the road, or wherever the property line was established.
Since you apparently own the property on both sides, the fences would be removed and it would be yours to do with as you wish.
However, the regulations in my county also state that no piece of property can be landlocked with no means of access. You would need grant the other fellow an easement to access his property. This situation exists in my county where a couple of old abandoned cemeteries are in the middle of a section. By law, the adjacent property owners cannot deny vehicle access to the cemeteries for maintenance, visitations, etc.
You might be well advised to visit with either your County Commissioner or County Attorney and research the exact regulations of your county.
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