97.5 Acre Development Land Auction

Farm Description

Cates Auction is pleased to present for auction a rare 97.49± acre land opportunity ideally located in one of the fastest-growing industrial corridors in the Midwest. Situated just 5 miles from the Bnsf Inter-modal and Lpkc Industrial Development-home to 15.5 million square feet of Class A warehouse space-this parcel offers exceptional access to Hwy 56 and I-35, with traffic counts of 4,169± VPD and 118,000± VPD respectively. The property features a mix of level and sloped terrain with wooded areas, over 3,100 feet of highway frontage, and is zoned agriculture (Ag), providing low carrying costs and to plan for future development. Utilities, including water and power, are available at the site. Its proximity to the DeSoto Panasonic Battery Factory and other major job centers underscores the urgent need for new housing and infrastructure in the area. With an appraised value of $4.5 million in 2019, this proper-ty includes immediate income potential through current oil lease and agricultural production, plus the option to execute a buyout agreement with the oil lease operator-offering a once-in-a-lifetime opportunity to own the land free and clear. Bidding ends on July 1st at 1pm.