Uncommon investment opportunity! 160+ acres of land with diversified income. Two residential rentals, a large operating equestrian tenant, and farming income (~$150,000; leases and financials available upon accepted offer). Buy and hold until subdivision development demand arrives, or develop a lower-density equestrian community, or sell off the lower 80 acres per the Harper's Place Plat (see documents), and/or recondition the upper 80 acres as a grand equestrian estate. Eight 10-acre lots represent half of the value, as 10-acre lots sell for $20K+/acre in this area. The interim income more than supports the balance. DEVELOPERS - reserve this ideal location for a phased subdivision with reduced carrying costs. The seller wants a deal on the whole. Please do not approach or bother occupants, or interfere with the business operation.
Date | Price |
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-- | New Value: $3,500,000 |
3/29/2024 11:17:19 AM | New Value: Pending |
2/9/2024 2:17:00 PM | New Value: $3,500,000 |