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0 Fran Way - Copperfield Vistas 13.51 Acres of Residential Land Offered at $3,056,478 CAD in Rapid City, SD 57703
Investment Highlights
- Development opportunity.
- Final phase of built-out subdivision.
Executive Summary
Property is highly developable with major infrastructure to the lot line. Approximately 1300 feet of frontage on future Anamosa St. which will connect to Elk Vale to the east. The residential neighborhood of Copperfield Vistas has developed well. Multiple documents attached for review and the City has a design plan in place for East Anamosa.
Buyer of this property is purchasing the holding company which owns this property as it's sole function. Buyer is responsible for right of way work up to and including East Anamosa St., a portion of Summerfield Drive and a portion of Copperfield Drive. There is an existing TIF which formerly included the ROW improvements but has since been changed to not include this section of East Anamosa. Buyer could seek re-inclusion into the existing TIF or work through modifying the existing TIF and creating a second TIF to include this area. There are significant adjacent projects interested in finding a solution. If/when the TIF is re-accepted, the price per sf of this lot will likely increase significantly.
Buyer of this property is purchasing the holding company which owns this property as it's sole function. Buyer is responsible for right of way work up to and including East Anamosa St., a portion of Summerfield Drive and a portion of Copperfield Drive. There is an existing TIF which formerly included the ROW improvements but has since been changed to not include this section of East Anamosa. Buyer could seek re-inclusion into the existing TIF or work through modifying the existing TIF and creating a second TIF to include this area. There are significant adjacent projects interested in finding a solution. If/when the TIF is re-accepted, the price per sf of this lot will likely increase significantly.
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Property Facts
| Price | $3,056,478 CAD | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 13.51 AC |
| Property Type | Land | ||
| Zoning | MDR - Medium Density Residential | ||
| Price | $3,056,478 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 13.51 AC |
| Zoning | MDR - Medium Density Residential |
1 Lot Available
Lot
| Price | $3,056,478 CAD | Lot Size | 13.51 AC |
| Price Per AC | $226,238.16 CAD |
| Price | $3,056,478 CAD |
| Price Per AC | $226,238.16 CAD |
| Lot Size | 13.51 AC |
13.51 acres currently zoned MDR (medium density residential) within the Copperfield Vistas subdivision priced below market at $3.75/sf. Alta commitment for title completed (attached in documents).
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 3804131044 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,128,987 CAD | Total Assessment | $1,128,987 CAD |
Property Taxes
Parcel Number
3804131044
Land Assessment
$1,128,987 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,128,987 CAD
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0 Fran Way - Copperfield Vistas
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