88.29 acres Ray Hollow Rd, Arena, WI 53503 - Iowa County

Farmers, developers, investors; take a look at this parcel. 88.29 acres (per tax roll) of level tillable land including a Lindsey pivot irrigator. As per zoning, the property is currently zoned agricultural but its within the Arena Village limits so the new owner may have the option to rezone for residential or commercial purposes. Also, since its within the Arena TIF district, funds may be available to help with development costs. Current lease pays $24,780 per year for a 3.4% after tax ROI.