Listed by Aim High Realty
$1,380,000
Pultar Rd
Details
Property Type Land
Sub Type Commercial, Industrial
Broker Co-Op Yes
Acreage 17.820
Zoning Commercial/Residential
Prime Property for Investment
Marketing description
Priced to sell. This land has tremendous potential for investment being in an opportunity zone with unrestricted zoning, located just five minutes from the Richmond Courthouse. Additional advantage include a low tax rate of 1.5%.
Investment highlights
- Prime Investment Potential:
- Situated within an Opportunity Zone, this property provides buyers with significant tax incentives that can enhance returns. Being in an Opportunity Zone means that investors can benefit from:
- Tax Deferrals: Delay paying taxes on previously realized capital gains by reinvesting them in a Qualified Opportunity Fund (QOF).
- Tax Reduction: Reduce deferred capital gains taxes after five and seven years of investment.
- Tax Exemption: New gains accrued from the property may be entirely tax-free if the investment is held for a decade or more.
- Low Taxes:
- Significantly reduced tax rate-1.5%. Combined with the financial incentives of the Opportunity Zone, this makes the property particularly attractive for those seeking cost-effective investment opportunities.
- Zoning Flexibility:
- The property is zoned for both residential and commercial uses, offering unparalleled flexibility for development. Some potential uses include: Residential Development: Build single-family homes, townhomes, or multifamily units.
- Commercial Projects: Ideal for retail storefronts, strip centers, or community centers.
Listing Contacts
Listed by Aim High Realty
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