Kansas City Area Development Opportunity Up for Auction Conducted by McCurdy Real Estate & Auction
118+ Acres off U.S. Interstate 35 to Be Sold Regardless of Price Via Online Only Auction
EDGERTON, Kan., October 5, 2022 (Newswire.com) - Any real estate developers seeking a well-located project, whether it be for residential, industrial, or commercial development, this property has the potential for all of these opportunities. Just 35 minutes outside Kansas City, with I-35 frontage, is 118 acres near public schools, residential neighborhoods, and Logistics Park Kansas City. This property will be sold through an online-only auction conducted by McCurdy Real Estate & Auction, a 40+-year-old company conducting hundreds of auctions yearly.
The possibilities don't stop at redevelopment for residential communities, however, as the acreage would also be a successful industrial development in support of the 14 million square foot warehouse and distribution operations less than a mile north, on the opposite side of I-35. Logistics Park Kansas City is a 3,000-acre master-planned distribution development that has created over 12,500 jobs since 2012.
While this property has endless opportunities, including commercial use, it lies within a redevelopment district in Edgerton, Kansas, and could potentially qualify for aid from the Rural Housing Incentive District (RHID). The RHID helps developers finance public improvements and reimburses certain land acquisition costs, site preparation, street grading, underground public utilities, and more. There have also been some preliminary discussions with the Kansas Housing Resource Corporation (KHRC), suggesting they may favorably consider a 4% Low Income Housing Tax Credit application for this plot. Considering the commercial growth the town has recently experienced and financial aid options, this land has huge potential for development.
Don't miss out on the chance to leverage the unsurpassed connections in Edgerton. Whether the land is utilized commercially or residentially to support employment growth in the area, this ground is a great investment opportunity no matter the buyer's choice.
This land will be sold at auction to the highest bidder, regardless of price, on Oct. 27. The auction will be conducted by McCurdy Real Estate & Auction with online-only bidding at McCurdy.com. Bidding opens on Oct. 11 at 2:00 p.m. and will close at 2:00 p.m. on Oct. 27.
For more information, photos, and the terms and conditions for bidding, please visit McCurdy.com/8668
Source: McCurdy Real Estate & Auction