2412 Margrave St Fort Scott, KS 66701
This exceptional 7-acre parcel in Fort Scott, Kansas, presents a remarkable opportunity for residential development. Located just minutes from Highway 69 and situated on paved roads, this property enjoys convenient access to schools and retail amenities. The land is ideally suited for a variety of housing projects, including multi-family complexes, single-family homes, or a combination of both. Its location within a thriving residential area ensures strong demand and potential for significant returns. The property consists of two separate parcels, offering flexibility in development plans. While this listing focuses on the 7-acre parcel, there's an additional 10 acres available for purchase, providing the potential for an even larger-scale project. This prime location, coupled with the possibility of utilizing housing development tax credits, makes this an exceptionally attractive investment. The asking price for this 7-acre parcel is $91,000. The property is classified as Special Purpose and is located at 2412 S Margrave Street, Fort Scott, KS 66701. Detailed information on zoning and development regulations is readily available through the appropriate local authorities. Don't miss this chance to acquire a highly desirable piece of land in a growing community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.