Bedrooms 4

Tear-Down Deal with Over 1 Acre – Investor’s Dream Opportunity

If you’re searching for a deeply discounted property with serious upside potential, this listing in Clay offers one of the most compelling opportunities on the market. Priced at just around $7 per square foot, this is not your typical home purchase—it’s a land-driven investment with redevelopment potential that savvy buyers are constantly looking for.

This property is ideal for investors, builders, or buyers who understand that the true value here lies in the land, utilities, and possibilities—not the existing structure. With over an acre of combined land and utility connections already in place, the groundwork has been laid for your next successful project.

A True Investor Special

Let’s be clear from the start: the existing home is in rough condition and will likely need to be torn down. The seller has already indicated that demolition is the best path forward due to the extent of repairs required.

The house, originally built in 1930, includes:

4 bedrooms
1 full bathroom
Approximately 1,700 square feet of interior space

However, the condition of the property presents significant challenges, including:

Damaged or missing windows
Outdated or non-functional wiring
Plumbing issues requiring full replacement
Worn or damaged flooring throughout
No central heating or air conditioning

While the home does have gas space heaters and wall units, these are not sufficient for modern living standards. For most buyers, starting fresh will be the most practical and cost-effective solution.

Land Value That Stands Out

What truly makes this property special is the land. The main parcel sits on approximately 0.34 acres, but it also includes an additional connected lot exceeding one acre.

This brings the total usable land to well over an acre—an increasingly rare find at this price point.

The size and layout of the land open the door to numerous possibilities:

Building a new single-family home
Creating multiple structures or expansion areas
Developing a rental or investment property
Holding the land for future appreciation

In many cases, land alone in this size range can justify the purchase price, making this an attractive option for long-term investors.

Utilities Already in Place

One of the biggest advantages of this property is the presence of existing utility connections. These include:

Water hookup
Gas connection
Power access
Septic tank system

Having these utilities already available can significantly reduce the cost and complexity of new construction. Instead of starting from raw land, you can build on a site that already has key infrastructure in place.

This is a major benefit for developers and builders, as it can save both time and money during the development process.

Additional Structures and Features

The property also includes a small outbuilding located at the back of the lot. Like the main house, it will likely need to be removed, but it does indicate additional usable space and potential for future development.

Parking is another advantage, with space for up to six vehicles off-street. This is a valuable feature for both residential and investment purposes, especially if you plan to build a larger home or rental property.

The exterior of the current home includes a mix of vinyl and wood siding, while the structure sits on a concrete block foundation with an asphalt roof.

Endless Development Possibilities

Because the property is essentially a teardown, you have complete freedom to design and build according to your vision. This is a rare opportunity to create something new without being limited by an existing layout.

Potential development ideas include:

1. Custom Home Build
Design and construct a modern home tailored to your needs, taking full advantage of the land size.

2. Investment Property
Build a rental home or multiple units (subject to local regulations) to generate income.

3. Resale Project
Develop a new home and sell it at a higher market value.

4. Land Hold Strategy
Purchase and hold the property as land values continue to rise.

Extremely Low Holding Costs

Another major advantage of this property is its affordability beyond the purchase price.

Tax assessed value: $16,000
Annual property taxes: only $181

These low carrying costs make it easier to hold the property while planning your project or waiting for the right time to build.

For investors, this reduces risk and increases flexibility.

Why Properties Like This Are in High Demand

In today’s real estate market, properties that offer:

Low entry cost
Land value
Development potential

are becoming increasingly sought after.

Buyers are recognizing the benefits of purchasing distressed properties and transforming them into valuable assets. This approach allows for greater control over design, costs, and final value.

This listing fits perfectly into that category. It’s not about what the property is today—it’s about what it can become.

Challenges to Consider

While the opportunity is strong, it’s important to approach this property with a clear understanding of the work involved.

Key considerations include:

The home will likely need to be demolished
Full replacement of electrical and plumbing systems is required
New construction or major development will be necessary
Cleanup and removal of existing structures, including the outbuilding

These factors should be carefully budgeted and planned for before moving forward.

A Project for Serious Buyers

This property is best suited for buyers who:

Have experience with renovations or construction
Are comfortable managing a teardown project
Understand the costs and timelines involved
Are looking for long-term value rather than immediate occupancy

If you’re looking for a move-in-ready home, this is not the right fit. But if you’re searching for a high-potential investment, this could be exactly what you need.

Strong Return Potential

With such a low purchase price and significant land value, the potential for return on investment is substantial.

By removing the existing structures and building something new, you can create a property that meets current market demand and commands a higher price.

Even modest development can result in a significant increase in value, especially given the size of the land and the availability of utilities.

Location and Lifestyle Benefits

Located in the Clay area, this property offers a quieter environment with room to grow. Larger lots and lower costs make areas like this increasingly attractive to buyers seeking affordability and space.

Whether you’re planning to build a personal residence or an investment property, the location supports a variety of uses.

Turn Vision into Reality

Every successful real estate project starts with vision—and this property offers plenty of room for it.

Imagine clearing the land, designing a new home, and creating a space that meets modern standards while maximizing the potential of the property. With over an acre to work with, the possibilities are wide open.

This is your chance to take a distressed property and turn it into something valuable and meaningful.

Act Before It’s Gone

Opportunities like this don’t last long, especially at such a low price point. Investors and builders are always on the lookout for properties that offer land, utilities, and flexibility—and this one checks all the boxes.

If you’re ready to take on a project and unlock the full potential of this property, now is the time to act.

Bring your vision, plan your strategy, and turn this teardown into your next success story in real estate.

Listed on Zillow