Building lots for sale in Galena, Kansas with street access and all utilities available
Investing in real estate can be a great method to build a lot of wealth right now in 2023. Think about real estate as a long-term investment – not only are property prices rising across the board, but mortgage rates have reached their highest level in almost a decade.
Real estate typically outperforms other assets in terms of value appreciation. Furthermore, it is not as susceptible to short-term volatility as the stock market. Whether you rent out an apartment or a business property for income or buy a home, you obtain a physical, usable asset.
2023 is a balanced year for housing supply and demand. This is ideal for retail purchasers and rental property investors. No longer a “seller’s” market. Rising interest rates raise the monthly mortgage payment, which reduces homebuyers and lowers property values.
Investors are attracted to investing in real estate because the profit potential is tremendous. Real estate investing represents a perennial opportunity. Add to this the perks offered by Kansas for new home builders. Kansas is quite aggressive in providing incentives for investors to build single and multi family homes.
Commercial real estate is known to yield higher returns than residential real estate. If you can afford to manage a commercial space, it can prove lucrative over time, depending on your area. The value of commercial real estate is determined in part by how much revenue it generates.
No matter what kind of real estate you are thinking of building, these lots have great access and all utilities available. City of Galena is excited to hear about your project plans and accommodate you in your effort.
Lot 1A – 75′ along Columbus street and 130′ along Vine street – this lot sits at the corner of 2 streets and is relatively level. Drive access to Columbus street with no need for a ditch crossing.
Lot 2A – 95′ along Columbus street and 130′ deep – street access to Columbus street with no need for ditch crossing. Very slightly sloping away from the street.
Lot 3A – 125′ along Columbus street and 130′ deep – beautiful nearly square lot with no need for ditch crossing. Bordered on one side with an unfinished platted street. Slopes gently away from Columbus street.
Lot 4A – 81′ along Columbus street and 130′ deep – Needs a culvert at the ditch and slopes away from Columbus street. Bordered on one side with unfinished platted street.
Lot 5A – 200′ along Columbus street and 130′ deep, water and sewer access already present and driveway whistle pipe and entrance.
Contact JJ for details, prices and terms – call or text 417-438-2718