Southeast Highway 70
- Large tract just outside Arcadia city limits
- Frontage on HWY 70 and SE Hansel Ave with multiple access points
- Zoned A-5 with Industrial potential under DeSoto County Comp Plan
- Option to subdivide 30 acres along HWY 70
- Sewer on-site and water nearby with planned expansion
Property Description
Riverline Ranch is one of the largest tracts of land available just outside the city limits of Arcadia. With ample road frontage on both HWY 70 and SE Hansel Ave, this property allows for multiple points of access for a future landowner or developer. The property can also be accessed from the east via SE Hagen St. Currently zoned A-5 for low density residential development (1 dwelling per 5 acres), this land also has the potential for a zoning change to Industrial use given the standards described in the DeSoto County Comp plan. The landowner is willing to subdivide off a 30 acre portion along HWY 70 at an adjusted price. Reach out to Keat Waldron, ALC, for details. Located only 40 minutes from the west coast, this land serves as a great investment for the rancher or farmer who wants to benefit from the continued agricultural use of the land and the low carrying costs due to greenbelt exemption. Arcadia is constantly growing with sewer already available at the site and water located 2 miles to the west off of HWY 70. DeSoto County is currently expanding their water infrastructure in three phases, allowing for future growth to occur. Comprised of nearly 95% uplands, the land is mostly pasture, with some large oak trees lining the perimeter fencing. It has been maintained as a cattle ranch for many years with electricity, cow pens, and well water on site - making it easy to continue the current agriculture operation while allowing appreciation of the underlying land value to take place.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $3,300,000 |
| Lot Size: | 139.00 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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