The Details

Investors!!! This 7.6 acre lot would be ideal for any start up with direct Rt 350 frontage. Public water access and Public sewer in the near future, this property would be easily rezoned to accommodate business.. Located in the Federal Opportunity Zone which directly impacts investors.First, investors can defer the taxation of certain prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier of the date on which the investment in the QOF is sold or exchanged, or December 31, 2026. Second, if the QOF investment is held for at least 5 years, 10% of the gain that was originally deferred is eliminated completely. If the QOF investment is held for at least 7 years, an additional 5% (15% total) of the original deferred gain is eliminated completely. Third, if the investor holds the QOF investment at least ten years, when the investor sells or exchanges the investment, the investor is eligible to eliminate the gain on the QOF investment from any increase in value of the QOF investment during the investor's holding period.. For more information on the https://opportunityzones.hud.gov/investors.