Cleared Corner Lot
7th Street : Clarksdale, MS 38614
Coahoma County, Mississippi
Land Description
Cleared Corner Lot, Ready for Building.
This is your golden chance to own real estate in the southeastern region of the country for less than five thousand dollars. This infill lot has it all; water, power, sewer and paved road. If you are wondering an infill lot is a good investment strategy, below a some to reason to consider infill lot over some other types of land:
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: 0F0001800
Gps Coordinates: 34.194456, -90.570370
Zoning: Residential
Terrain : flat
Property Type: Vacant Lot
Pricing:
Discounted Cash price: $2,000
Seller financing options( Full Price) :
$200 Down and $150 for 24 months
$200 Down and $200 for 18 months
$200 Down and $250 for 14 months
No prepayment penalty. Early payoff is perfectly fine with us.
Documentation and recording fees: $300
Important Notice: Buyer is responsible for performing their own due diligence in researching the property for sale. All buyers should verify all information, contained herein or not, including access and utility accessibility and costs, and perform physical visits to the lot in order to satisfy themselves as to its accuracy. Seller is not responsible for any misinformation in this ad. All information is deemed reliable but not guaranteed. Property is sold As Is.
Directions to Land
1. Head south on New Africa Road toward Desoto Avenue.
2. Turn right onto Desoto Avenue and continue for approximately 1.5 miles.
3. Turn left onto 7th Street.
4. Continue for about 0.2 miles; 228 7th Street will be on your right.
The total distance is approximately 1.7 miles, and the drive should take around 5 minutes, depending on traffic conditions.
More Land Details
More Land from John Liah
New0.1 AC : $1.5K- New0.2 AC : $3K
- 0.6 AC : $3K
- 1.9 AC : $15K
- 0.4 AC : $2.9K
- New0.3 AC : $3.5K
- 0.1 AC : $3K
- New0.2 AC : $2.5K
- New0.2 AC : $3.5K
- New0.7 AC : $3K
- New0.1 AC : $2.5K
- New0.2 AC : $4K
