Opportunity Zoned 136 Acre In City Limits
Hospitality
Marketing description
The 136-acre parcel is located south of 21st Ave SW, north of 27th Ave SW, and lying between McDonald Ave and Lincoln Ave SW, Huron, SD
The topography of the land demonstrates adequate drainage, with a water amenity and superb access for residents who are looking for affordable housing in a growing area of the City.
Are you interested in Land Banking for a period of time where your investment dollars are at work elsewhere and need to find a tax shelter opportunity in the near future? Affordable housing is a gigantic need in most areas, this is a tremendous location, especially when there is a pressing need.
City utilities are close at hand, access is undeniable, and recreational amenities would be a welcome addition to this new neighborhood.
Investment highlights
This property is surrounded by developed land, the price is right, and needs to be developed for a shortage of residential homes in this growing community. It is located in an opportunity zone which allows the purchaser to defer capital gains tax treatment from both passive and portfolio income sources with the possibility of having those taxes excluded altogether while at the same time creating value from this endeavor.
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