Calling all Builders and Developers! This centrally located property has all kinds of potential for multi-use development! Approximately 16 acres fronts on State highway 40 or Troy Rd. where several other Commercial tracts have been developed recently. These tracts run parallel to I-55/70 w/ good visibility. Check w/ Madison County but it appears to be a good layout for 5 or 6 Two to Three acre tracts. Formosa Rd consists of approximately 1700 ft of road frontage. Public water & sewer are located on the east side of Formosa perfect for a residential development. Call for utilities maps on file from the City of Troy. Farm income approx. $18,000 per year. The home with 2 acres must be sold at the same time. See mls#21038785 home is w/ 2 acres for $350,000. This location is perfect for a residential development with Troy Schools or industrial since there is industrial on East side of Formosa. Quick access to I-55/70 to Edwardsville, to St. Louis or to I-270.
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