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$ 299,000
Est. payment | /mo
$ 299,000
Est. payment | /mo
Key Details
Property Type Vacant Land
Sub Type Acreage & Farms
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24077146
Property Description
Multi-Purpose Development Site + Opportunity Zone
Great investment property with potential tax benefits. Providing either commercial or residential development options. Located in the heart of the business district of Sikeston, Missouri, this 3.83+/- acre lot (currently zoned for agriculture) could easily be re-zoned for commercial or residential use. With commercial development to the north border and residential to its south border, there are a number of possibilities for a potential commercial development building site or even a mutli-family apartment complex. Also located within an identified Federally mandated Opportunity Zone for which new investment on this site could be eligible for preferential tax treatment as per the IRS code incentives for the purpose of spurring investment in this area. Another noteworthy benefit to this site is that it is elevated just above the FEMA flood plain and accessible to all utilities.
Great investment property with potential tax benefits. Providing either commercial or residential development options. Located in the heart of the business district of Sikeston, Missouri, this 3.83+/- acre lot (currently zoned for agriculture) could easily be re-zoned for commercial or residential use. With commercial development to the north border and residential to its south border, there are a number of possibilities for a potential commercial development building site or even a mutli-family apartment complex. Also located within an identified Federally mandated Opportunity Zone for which new investment on this site could be eligible for preferential tax treatment as per the IRS code incentives for the purpose of spurring investment in this area. Another noteworthy benefit to this site is that it is elevated just above the FEMA flood plain and accessible to all utilities.
Location
State MO
County Scott
Zoning Agriculture
Interior
Fireplace N
Exterior
Parking Features false
Utilities Available Electricity Available, Water Available, Sewer Available
Private Pool false
Building
Sewer Public Sewer
Water Public
Level or Stories None
Schools
Elementary Schools Sikeston R-6
Middle Schools Sikeston R-6
High Schools Sikeston Sr. High
School District Sikeston R-6
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition None
Listed by Chris Gier • Premier Farm Realty Group LLC