Exceptional investment and development opportunity located just west of Powell with approximately 1,400 feet of Highway 14A frontage. This 129.48 deeded acre property is within walking distance to downtown and neighboring established businesses including a grocery store, tractor and automotive dealerships, and more. Currently farmed in sugar beets and malt barley, 118± acres of the property are in active production, supported by some of the best irrigation water and soil quality in the valley. A farm lease is in place through 2027 (can be terminated at the end of the 2025 crop year). Approximately 59± acres are well-positioned for future commercial development, while the remaining 70.48± acres are zoned RR-2 (2-acre residential lots). Buyers are encouraged to verify zoning and land use options with Park County Planning and Zoning. Improvements include a home and guest house (not currently livable), detached garage structures, multiple storage buildings, and a 3,750 sq ft metal shop and yard, which is currently leased. Highway 14A forms the southern boundary; Lane 9 defines the northern boundary. Located just 25 minutes from Cody and from there a short drive to Yellowstone National Park, this property sits in the path of Powell’s future growth. Contact the listing office for full details on existing leases and development potential. The seller may require proof of qualification to purchase prior to showings, and a non-disclosure agreement may be requested to release additional lease information.