Pending

Description

Asset Class: Land

Strategically situated in Scenic Ridge Subdivision off Indian Meal Line, this 43.39-acre availability offers a unique investment opportunity for developers and/or builders looking to facilitate rapid value creation. Located within a 20-minute commute of downtown St. John’s and zoned Residential Large Lot (RLL), this property is currently highlighted by two pre-planned residential phases with much of the heavy lifting and regulatory approvals already in place. The initial phase (15.28 acres) comprises 14 remaining un-serviced lots fronting along Valley Loop Drive and includes a subdivision road (excepting final asphalt layer) already in place. The second phase (28.11 acres) contains completed plans for subdivision extension including future road layouts, an additional 27 lot plan, walkways and water detention pond. Furthermore, the previous owner has already grubbed, graded and rock filled a road loop that connects the two phases.

Property Summary

Property Type: Land (Multi-Residential)

Land Size: 43.39 acres

Land Title: Freehold

Asking Price: $599,000.00

Services

Business Type: Residential

Amenities Nearby: Recreation, Shopping

Land

Zoning Description: RLL (Residential Large Lot)