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$4,400,000
Est. payment /mo
18.25 Acres Lot
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 181720
Lot Size 18.250 Acres
Property Sub-Type Other
Property Description
LOCATION! LOCATION! LOCATION! 2 prime development lots being sold as one unit. Perfectly situated just off of Hwy 44, at the corner of Elk Vale & Jubilee and Jolly & Twilight, next to the Safeway lot. It's an optimal high-traffic, high-visibility location in a buzzing Rapid Valley business sector. Seller has spent nearly a half a million dollars on different studies, surveys, etc. in the past for a 540-unit, high-end apartment complex under the name of Quail Ridge. There was a TIF application that was accepted at the city level and, per the facts of the matter, there were communications about a TIF with the county. Multiple access points mean plenty of layout options. Thriving commercial opportunity, buzzing with opportunity of what could be! Seller is willing to come alongside a qualified buyer with good capital as a partner or as the banker holding a contract for deed. Come take a look! Property closing will need to be contingent on Platting and approval of TIF to get utilities on site.
Location
State SD
County Pennington
Area Rapid Valley
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Listed by Lewis Realty
Nearby Locations
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