The land value is worth more than the buildings on it. The property is zoned M-1, which is light industrial property. The listing states the address as 616 S.W. Emigrant. However the price includes 610 S.W. Emigrant also. These two make up a corner lot. Together they are approximately 10,000 ft.² of light industrial property. The city has a couple of different grant offers available for these properties. One I believe, is 100% demolition paid by the city as long as something is replaced for three times the value of what was demolished within a six-month period. The other Grant Will pay 10% of the value of the building being put up on the property. It will be to the buyers best interest to look into these grants with the city prior to making a deal. Seller is not responsible for buyer not researching all of the applicable grant opportunities by the city. This is a great, high traffic volume location!
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