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+21
0.1 Acres for Sale in Clarksdale, Mississippi
$2,500
Property Details
Property Description
Flat Cleared Vacant Lot In Clarksdale, Mississippi.
You are presented with a good opportunity to be a land owner at a low price. Use this rare opportunity to diversify your investment or build your portfolio. If you are still wondering if buying a vacant infill lot is a good move, then are the reasons you should buy a vacant lot in the city limits.
Investing in a vacant infill lot can be a smart decision for several reasons. Here are some of the key benefits:
1. Prime Location
- Infill lots are typically located in established neighborhoods, where infrastructure like roads, utilities, schools, and public transportation is already in place.
- These areas often have high demand for housing or commercial space due to their proximity to urban centers or desirable amenities.
2. Lower Development Costs
- Since the surrounding infrastructure is already developed, costs for connecting utilities (water, electricity, sewage) are usually lower compared to building on undeveloped land.
- There's no need to clear dense vegetation or prepare raw land extensively.
3. **High Appreciation Potential**
- Infill lots are often located in areas where land is scarce. As cities expand, the value of well-placed lots in developed areas can increase significantly over time.
4. **Development Flexibility**
- Infill lots can be used for a variety of purposes, such as residential housing, mixed-use development, or commercial projects, depending on zoning laws.
- Creative developers can maximize the potential of these lots by tailoring projects to meet local demand.
5. **Reduced Environmental Impact**
- Building on an infill lot avoids urban sprawl, which can lead to deforestation, loss of farmland, and increased commute times.
- Many municipalities encourage infill development as a way to promote sustainability and reduce environmental strain.
6. **Favorable Financing and Incentives**
- Some local governments offer incentives, tax breaks, or grants for infill development to revitalize older neighborhoods or underused areas.
- Favorable loan terms may also be available for projects on infill lots.
7. **Market Demand for Urban Living**
- Many people prefer living closer to city centers for shorter commutes and access to amenities. Infill lots allow developers to cater to this growing market demand.
8. **Lower Acquisition Costs**
- Compared to buying an already-developed property in the same area, purchasing a vacant lot is often more affordable.
- For investors, this lower upfront cost can result in higher long-term returns.
9. **Minimal Maintenance Before Development**
- Unlike buildings that may require ongoing maintenance, vacant lots have minimal holding costs until they're developed.
- This can make them a low-risk asset to hold while planning or waiting for market conditions to improve.
10. **Community Development Opportunities**
- Investing in infill lots can be an opportunity to revitalize and improve communities by replacing underutilized spaces with modern developments that meet local needs.
Lot Features:
APN: 40324146000E0000800
GPS Coordinates: 34.194744, -90.569357
Zoning: Residential
Terrain : flat
Property Type: Vacant Lot
Pricing:
Discounted Cash price: $2,500
Seller financing options( Full Price) :
$200 Down and $150 for 25 months
$200 Down and $200 for 19 months
$200 Down and $250 for 15 months
No prepayment penalty. Early payoff is perfectly fine with us.
Documentation and recording fees: $250
Listing fee: $150
Disclaimer From LandCentury
The information within this listing is posted by a private or third-party seller, and we do not guarantee the accuracy of the information enclosed. We encourage you always to verify ownership and property details listed. As a precaution, due diligence in any real estate transaction is encouraged, and closing through a verified title company is advised. To the maximum extent permitted by law, we do not accept any responsibility to any person for the accuracy of the information herein.