Multi-Purpose Development Site + Opportunity Zone
Great investment property with potential tax benefits. Providing either commercial or residential development options. Located in the heart of the business district of Sikeston, Missouri, this 3.83+/- acre lot (currently zoned for agriculture) could easily be re-zoned for commercial or residential use. With commercial development to the north border and residential to its south border, there are a number of possibilities for a potential commercial development building site or even a mutli-family apartment complex. Also located within an identified Federally mandated Opportunity Zone for which new investment on this site could be eligible for preferential tax treatment as per the IRS code incentives for the purpose of spurring investment in this area. Another noteworthy benefit to this site is that it is elevated just above the FEMA flood plain and accessible to all utilities.
