Waterfront - Seller Financing
Address
Salem Rd, SALEM, MT
Price
$ 35,000,000
Property Attributes
  • MLS#O6190680
  • TypeLand
  • CountyOUT OF AREA
  • CitySALEM
  • Zip59500
  • Style
  • Taxes$ 400
  • Price$ 35,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size58 Acres
Data Source:
Stellar MLS
Property Description

LOCATION, VISIBILITY AND OPPORTUNITY ARE JUST SOME OF THE REMARKABLE EARMARKS OF THIS COMPLETELY LEVELED, READY TO DEVELOP, AND CENTRALLY LOCATED 58-ACRE COMMERCIAL/RESIDENTIAL LAND TRACT WITH A 1,000FT OF DIRECT OCEANFRONT AND BEACH ACCESS. THIS “RARE AND UNIQUE" 58-ACRE LAND PARCEL IS IDEAL FOR A MIXED USE DEVELOPMENT THE INCORPORATES LARGE ANCHOR STORES SUCH AS; SUPERMARKETS, BANKS, RESTAURANTS (FAST FOOD/HIGH-END RESTAURANT CONCEPTS), MOVIE THEATRE, HARDWARE STORES, KNUTSFORD EXPRESS AND A HOST OF OTHER WELL NEEDED SERVICES WITHIN CLOSE PROXIMITY OF “VERY UNDER-SERVED AND HIGH NET WORTH COMMUNITIES" (RICHMOND ESTATES, PARADIASIAC BEACH CLUB, CARDIFF HALL, BENGAL BEACH, DISCOVERY BAY AND TRELAWNY) WITH RESIDENTIAL DEVELOPMENT POSSIBILITIES ALONG THE REAR AND OCEANFRONT PARCEL OF THE LAND. THE NEIGHBOURING GATED “NEW OCEANFRONT HOMES" THAT ARE NESTLED JUST ACROSS THE STREET FROM THIS 58-ACRE LAND PARCEL ARE BEING SOLD FOR US$2,000,000+ EACH, WITH ABSOLUTELY NO RETAIL SHOPPING OR COMMERCIAL SERVICES WITHIN A 40-MILE RADIUS (OCHO RIOS, DRAXHALL, ST ANN'S BAY AND TRELAWNY ARE THE ONLY “CLOSE AND CURRENT OPTIONS" WHICH ALSO HAVE THEIR RESPECTIVE LIMITATIONS). THIS GEM OF AN OPPORTUNITY IS CONVENIENTLY LOCATED AT THE MAIN ENTRANCE OF THE JEWELS RUNAWAY BAY RESORT AND IS RIPE FOR A PLETHORA OF USES. THE VALUATION REPORT IS OVER THREE YEARS OLD AND REFLECTS A US$29,000,000.00 VALUE WITHOUT THE CONSIDERATION OF THE PROPERTY'S MULTI NEW MILLION DOLLAR HOME NEIGHBORS AND OTHERS. A JOINT VENTURE/SELLER FINANCING WITH “MUTUALLY BENEFICIAL TERMS" WILL BE CONSIDERED. THE PROPERTY SITS DIRECTLY ON THE NORTH SOUTH HIGHWAY, WITH AN EXTREMELY HIGH VISIBILITY, AND SEES OVER 800,000+ VEHICLES “DAILY". THE PRICE IS EXTREMELY NEGOTIABLE AND THE OWNER WILL ENTERTAIN ALL REASONABLE OFFERS. MULTIMILLION DOLLAR VILLAS (https://www.locatorzone.com/advert/palm-beach-at-runaway-bay-runaway-bay-jamaica/) SITS DIRECTLY ACROSS THE STREET FROM THIS GEM OF A PROPERTY AS WELL AS THE JEWEL RUNARAY BAY TO THE REAR OF THE PROPERTY. THERE ARE NO RESTAURANTS, BANKING, SHOPPING, PROFESIONAL OFFICE WITHIN A 10 MILE RADIUS OF THIS HIGH INCOME EVER EVOLVING AREA. “IF YOU BUILD IT, THEY WILL CERTAINLY COME"

Price History
3/27/2024 Listed $35,000,000

General Features

Sewer None
Utilities Cable Available,Electricity Available,Sewer Available,Water Available
Zoning LAND
View Trees/Woods
Tax Year 2023
Current Use Mixed Use
Percent Ownership Fee Simple
County Out of Area
Property Type Land
Status Active
City SALEM
Buyer Agent Compensation 2.5%
MLS Area 99999 - Unknown
Lot Size Square Feet 2526000
Waterfront Y/N No
Street Name Salem Rd
Tax Annual Amount 400
Public Remarks LOCATION,VISIBILITY AND OPPORTUNITY ARE JUST SOME OF THE REMARKABLE EARMARKS OF THIS COMPLETELY LEVELED,READY TO DEVELOP,AND CENTRALLY LOCATED 58-ACRE COMMERCIAL/RESIDENTIAL LAND TRACT WITH A 1,000FT
Days on Market 2
Standard Status Active

Interior Features

Living Area Units Square Feet

Exterior Features

Water Source Public
Lot Size Area 57.989
Lot Dimensions -
Lot Size Acres 58
Road Surface Type Asphalt
Lot Size Units Acres
Road Frontage Type City Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 59500

Price
AVG $18.32M
$35M
Taxes
AVG $442
$400
Visits
AVG 140
258
Data Provided by Inside Real Estate®