This is a great piece of speculative development property with cash rent income. The price is very reasonable considering its location and development potential. The new roundabout just got completed, and the northeast corner of the roundabout has development plans for a convenience store/gas station. This land is adjacent to this recently annexed commercial land. Annexing it will be easy, and developing this land could be the future development area of highland, which is conveniently close to the eastern beltline via the st. Rose road, and across from the new fire department building. Sellers had plans to develop this property, but now want to sell because they are buying another large section of land. This parcel is currently zoned agricultural, and has great development potential close to the beltline, major roads and new fire department. I can see it being developed as commercial, residential or mixed use.
The vacancy rate of homes in 62249 is
5.12% with 72.81% of homes being owner-occupied. The median household income in 62249 is $65999 per year with those between 45 and 64 having the highest median income at $80261.