29 Acres of Residential Development Land in Lockwood FOR SALE

3350 Becraft Ln Billings, MT 59101

3350 Becraft Ln, Billings, MT, 59101
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3350 Becraft Ln, Billings, MT, 59101 3350 Becraft Ln, Billings, MT, 59101 3350 Becraft Ln, Billings, MT, 59101 3350 Becraft Ln, Billings, MT, 59101
FOR SALE
Property Type:
Commercial Land Development
Amount:
$579,000
Last Verified:
Dec 02, 2020

The 28.91 acres of land for sale on the corner of Becraft Ln and Lile Rd is one of the last remaining prime residential development properties in Lockwood. With R9600 zoning, it’s ready for the subdivision process. Neighboring properties are predominantly residential with similar R9600 zoning. The topography of the land is relatively flat or gentle sloping. Main access to this property is from the North along Becraft Ln and from the East on Lile Rd. PRICE REDUCED TO $579,000 28.91 Acres Zoned Residential 9600 City water, gas & electric available Sewer currently located 1,150 feet away at the corner of Becraft ln & Starlight Dr Prime residential development tract of land Potential Lockwood Sewer expansion to serve 29 acres tentatively scheduled for 2021/2022. See www.lockwoodwater.com for more specific information. Lockwood voters approved $49.9 million bond to build a Lockwood High School which has had a positive impact on residential development

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Map of 3350 Becraft Ln, Billings, MT, 59101

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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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • 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.