Current Use by Public Records
- Multifamily properties
Property Details for 3Rd St
- Lot size
- 9.52 lot acres
- Property type
- Multifamily properties
Description
This exceptional 9.52-acre parcel presents a unique investment opportunity in the heart of Troy, Missouri. Located within city limits and conveniently situated off South 3rd Street, this property boasts prime accessibility to local shopping and a remarkable advantage: it directly adjoins Troy City Park. Zoned R3PD, this land is tailor-made for multi-family development, offering significant potential for a high-return project. City utilities are readily available, simplifying the development process and reducing infrastructure costs. The property's expansive size allows for considerable flexibility in design and unit density, catering to a wide range of development plans. This is a rare chance to acquire a substantial tract of land in a desirable location, previously held by the same family for over a century, making it a truly exceptional and historically significant offering. The asking price of $1,285,605 reflects a cost of $135,000 per acre, representing a compelling value given the property's location, zoning, and development potential. Don't miss this opportunity to build your next multi-family project in a thriving community. Serious inquiries only.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Lincoln
- State
- Missouri
- Longitude
- -90.9771
- Latitude
- 38.9754
