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TBD Elk Vale Rd
Rapid City, SD 57703
Land For Sale
·
24.95 AC
Investment Highlights
- Perfectly situated just off of Hwy 44
- In a buzzing Rapid Valley sector
- It was approved for two TIFs – one from the city and one from the county
- Optimal high-traffic, high-visibility location
- Half a million dollars on different studies, surveys, etc. for a 540-unit, high-end apartment complex
- Multiple access points mean plenty of layout options
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $7,890,958 CAD | Lot Size | 24.95 AC |
| Price Per AC | $316,270.86 CAD |
| Price | $7,890,958 CAD |
| Price Per AC | $316,270.86 CAD |
| Lot Size | 24.95 AC |
***NEW PRICE*** LOCATION! LOCATION! LOCATION! Perfectly situated just off of Hwy 44, at the corner of Elk Vale and Concourse (also on Jubilee), next to the Safeway lot. Listed at 5.61/SF.
Description
LOCATION! LOCATION! LOCATION! 4 prime development lots being sold as one unit. Perfectly situated just off of Hwy 44, at the corner of Elk Vale and Concourse (also on Jubilee), next to the Safeway lot. It's an optimal high-traffic, high-visibility location in a buzzing Rapid Valley business sector. Seller has spent 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. It was approved for two TIFs – one from the city and one from the county. City water & sewer on sites. Multiple access points mean plenty of layout options. The corner of the lot on the southeast side of the junction of Concourse and Elk Vale would make a great gas station lot. Thriving commercial opportunity, buzzing with opportunity of what could be! Listed at 5.61/SF. 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!
