1424 Luna Ave

14254 Luna Ave Rapid City, SD 57701

14254 Luna Ave, Rapid City, SD, 57701
14254 Luna Ave, Rapid City, SD, 57701
FOR SALE
Property Type:
Other Land
Amount:
$799,000
Last Verified:
Dec 10, 2020

Highlights

  • In Rushmore Crossing Shopping Center with Walmart, Sam's Club, and Target. Pizza Ranch and Staybridge Suites directly on either side.

Description

High traffic, high visibility commercial lot located between Sam's Club and Walmart and just South of Interstate 90 and the RushmoreCrossing Shopping Center! Pizza Ranch to the North and a new Staybridge Suites to the South. With this extensive exposure, this grade-ready site is perfect for your retail, lodging, or office exposure. The seller has put together a preliminary site plan that would include shared access and parking with the lot to the North, but you can do what works for your application! And if you need more frontage or acreage in general, add the lot to the North, which would add an additional 2.95 acres to your land and space needs! All utilities are at the lot or street. At $5.24 per square foot, this lot is priced well below the active and recently sold lots in the area. The seller would also consider a ground lease as well as a build-to-suit with leaseback.

Rushmore Crossing Shopping Center

Lot Size: 3.5 acres

Map of 14254 Luna Ave, Rapid City, SD, 57701

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.