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Listed byFaith C Lewis • Lewis Realty
$4,400,000
Est. payment /mo
794,970 SqFt
New
TBD ELK VALE RD Rapid City, SD 57703
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 794,970 sqft
Price per Sqft $5
MLS Listing ID 181720
HOA Y/N No
Lot Size 18.250 Acres
Acres 18.25
Lot Dimensions 18.25
Property Sub-Type Commercial
Property Description
LOCATION! LOCATION! LOCATION! 2 prime development lots being sold as one unit. Perfectly situated just off of Hwy 44, at the corner of Elk Vale & Jubilee and Jolly & Twilight, next to the Safeway lot. It's an optimal high-traffic, high-visibility location in a buzzing Rapid Valley business sector. Seller has spent nearly 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. There was a TIF application that was accepted at the city level and, per the facts of the matter, there were communications about a TIF with the county. Multiple access points mean plenty of layout options. Thriving commercial opportunity, buzzing with opportunity of what could be! 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! Property closing will need to be contingent on Platting and approval of TIF to get utilities on site.
Location
State SD
Area Rapid Valley
Zoning General Commercial
Exterior
Parking Features None
View Y/N Yes
Others
Schools and Properties Nearby