865 Valley Dr Rapid City, SD 57703
- Commercial real estate
- 11.73 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 865 Valley Dr
- Lot size
- 11.73 lot acres
- Property type
- Commercial real estate
Description
This exceptional 11.73-acre commercial land parcel presents a remarkable investment opportunity in Rapid City, South Dakota. Located at 865 N Valley Drive, in Pennington County, zip code 57703, this property is zoned MDR (Medium Density Residential), making it ideally suited for multifamily development. Its prime location within the Black Hills region offers unparalleled access to urban amenities while maintaining a serene residential atmosphere. The property's strategic positioning provides convenient access to local conveniences and boasts proximity to the natural beauty of the Black Hills. This presents a high-demand location for residential units. The asking price is $1,499,000. The seller is open to considering a "Build-To-Suit" arrangement. The property's zoning may also be rezoned for a preferred use, subject to local regulations and approvals. This is a rare chance to acquire a substantial land holding with significant development potential in a thriving South Dakota market. Don't miss this opportunity to capitalize on the growing demand for residential housing in this desirable location.
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
- Rapid City
- County
- Pennington
- State
- South Dakota
- Longitude
- -103.1715001
- Latitude
- 44.0776732
