Description
This 1.21-acre flat lot located directly on US Hwy 85 offers an excellent opportunity for investors seeking immediate cash flow with future upside. The property is currently configured with 53 parking spaces available for monthly or long-term leasing, providing steady income potential. In addition, the property features four leased billboards generating passive income, creating multiple revenue streams from day one. With water and power available at the lot line, there is significant potential to increase value by adding amenities such as covered parking, utility hookups, or other improvements. Investors may also realize additional upside by adjusting rents to market rates and optimizing the space. Whether you prefer a low-maintenance, hands-off investment or want to explore opportunities to expand and maximize revenue, this property offers flexibility and strong growth potential in a highly visible highway location.
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School Ratings & Info
Description
This 1.21-acre flat lot located directly on US Hwy 85 offers an excellent opportunity for investors seeking immediate cash flow with future upside. The property is currently configured with 53 parking spaces available for monthly or long-term leasing, providing steady income potential. In addition, the property features four leased billboards generating passive income, creating multiple revenue streams from day one. With water and power available at the lot line, there is significant potential to increase value by adding amenities such as covered parking, utility hookups, or other improvements. Investors may also realize additional upside by adjusting rents to market rates and optimizing the space. Whether you prefer a low-maintenance, hands-off investment or want to explore opportunities to expand and maximize revenue, this property offers flexibility and strong growth potential in a highly visible highway location.
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