More than 118 acres off US Interstate 35 will be sold regardless of price via an online-only auction
October 5, 2022 8:00 a.m. EDT
EDGERTON, Kan., Oct. 5, 2022 (Newswire.com) –
All property developers looking for a well-located project, whether for residential, industrial or commercial development, this property has the potential for all of these opportunities. Just 35 minutes from Kansas City, with I-35 frontage, is 118 acres near public schools, residential neighborhoods and Logistics Park Kansas City. This property will be sold via an online-only auction conducted by McCurdy Real Estate & Auction, a 40+ year old company that holds hundreds of auctions each year.
However, the possibilities don’t stop at the redevelopment of residential communities, as the area would also be a successful industrial development in support of 14 million square foot warehouse and distribution operations less than a mile north , across I-35. . Logistics Park Kansas City is a planned 3,000-acre distribution development that has created more than 12,500 jobs since 2012.
While this property has endless possibilities, including commercial use, it is in a redevelopment district in Edgerton, Kansas and could potentially benefit from Rural Housing Incentive District (RHID) assistance. RHID helps developers finance public improvements and reimburses certain costs of land acquisition, site preparation, street grading, underground utilities, etc. There have also been preliminary discussions with the Kansas Housing Resource Corporation (KHRC), suggesting that they may favorably consider applying for the 4% low-income housing tax credit for this parcel. Given the commercial growth the town has recently experienced and options for financial assistance, this land has tremendous development potential.
Don’t miss the opportunity to take advantage of Edgerton’s unrivaled connections. Whether the land is used for commercial or residential purposes to support job growth in the area, this land is an excellent investment opportunity, whichever buyer chooses.
This land will be auctioned to the highest bidder, regardless of price, on October 27. The auction will be conducted by McCurdy Real Estate & Auction with online bidding only at McCurdy.com. Auctions will start on October 11 at 2:00 p.m. and end at 2:00 p.m. on October 27.
For more information, photos, and auction terms and conditions, please visit McCurdy.com/8668
Source: McCurdy Real Estate & Auction