14 Hwy Arena, WI 53503
- Land
- 15.00 lot acres
Current Use by Public Records
- Land
Property Details for 14 Hwy
- Lot size
- 15.00 lot acres
- Property type
- Land
Description
This exceptional 15-acre commercial land parcel, located on Highway 14 in Arena, Wisconsin, presents a compelling investment opportunity. Currently zoned A-1 Agriculture, this property boasts significant potential for commercial or residential development, subject to rezoning. Its prime location offers excellent road frontage and multiple access points. A significant advantage is the existing 8-inch PVC water line extending from a neighboring well to multiple outlets across the property. The seller is open to negotiating continued water access for irrigation, currently operating at 80 psi. The land is currently leased for 2023, generating a substantial income of $310 per tillable acre, providing immediate return on investment. The soil type is primarily Rasset sandy loam with an NCCPI rating of 67. A new survey will be completed by the seller before closing. This partial parcel (#101-0227), situated in Section 17 of the Town of Arena, is served by the River Valley School District and has an annual property tax of $355.63. The property features a visible sign and possession is at closing, subject to existing tenant rights. Financing options include cash or conventional loans.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arena
- County
- Iowa
- State
- Wisconsin
- Longitude
- -89.9442
- Latitude
- 43.1615
