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TBD Elk Vale Rd
Rapid City, SD 57703

$6,100,000 USD

Land For Sale  •  24.95 AC

Property Details

  • Property Type Land
  • Lot Size 24.95 AC
0 Transit Score
23 Walk Score

Description

LOCATION! LOCATION! LOCATION! 4 prime development lots being sold as one unit. Perfectly situated just off of Hwy 44, at the corner of Elk Vale and Concourse (also on Jubilee), next to the Safeway lot. It's an optimal high-traffic, high-visibility location in a buzzing Rapid Valley business sector. Seller has spent 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. It was approved for two TIFs – one from the city and one from the county. City water & sewer on sites. Multiple access points mean plenty of layout options. The corner of the lot on the southeast side of the junction of Concourse and Elk Vale would make a great gas station lot. Thriving commercial opportunity, buzzing with opportunity of what could be! Listed at 5.61/SF. 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!

Highlights

Perfectly situated just off of Hwy 44
Optimal high-traffic, high-visibility location
In a buzzing Rapid Valley sector
Half a million dollars on different studies, surveys, etc. for a 540-unit, high-end apartment complex
It was approved for two TIFs – one from the city and one from the county
Multiple access points mean plenty of layout options

Public Transportation

AirportDriveWalkDistance
Rapid City Regional 13 min - 7.6 mi
Faith Lewis 605-863-0725 Lewis Realty
Faith Lewis 605-863-0725 Lewis Realty