Description
.03 acres ready for development! Located off of Interstate 35 in Pine City, this lot is perfectly situated between a highly utilized Walmart and an active strip mall with strong regional retailers. Surrounded by high traffic numbers, this property has strong residential and commercial growth within the area. Zoned GE-General Business District makes for a unique opportunity with many options for development. This site is also located in an Opportunity Zone, which is a new community development program established by Congress in the Tax Cuts and Jobs Act. These zones, are to encourage long-term investments in low-income urban and rural communities nationwide. The program is to provide tax incentive for investors to re-invest their unrealized capital gains into "Opportunity Funds".
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0BEDS
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1.03ACRES
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0BATHS
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01/2 BATHS
Listing courtesy of Re/Max Results.Description
.03 acres ready for development! Located off of Interstate 35 in Pine City, this lot is perfectly situated between a highly utilized Walmart and an active strip mall with strong regional retailers. Surrounded by high traffic numbers, this property has strong residential and commercial growth within the area. Zoned GE-General Business District makes for a unique opportunity with many options for development. This site is also located in an Opportunity Zone, which is a new community development program established by Congress in the Tax Cuts and Jobs Act. These zones, are to encourage long-term investments in low-income urban and rural communities nationwide. The program is to provide tax incentive for investors to re-invest their unrealized capital gains into "Opportunity Funds".
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