Copperfield Vistas
13.51 acres currently zoned MDR (medium density residential)
Marketing description
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). 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.
Investment highlights
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 of the improvements 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.
Legal Description
GOVERNMENT LOT THREE (3) IN SECTION FOUR (4), TOWNSHIP ONE NORTH (T1N), RANGE EIGHT EAST OF THE BLACK HILLS MERIDIAN (R8E BHM), PENNINGTON COUNTY, SOUTH DAKOTA, EXCEPTING THEREFROM COPPERFIELD VISTAS SUBDIVISION
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