4125 US Highway 89 S Opportunity abounds on this one of a kind property. Create a campground, wedding venue, or explore commercial or residential uses such as a brewery or strip mall on this exceptional 23.65-acre property in the heart of Paradise Valley along the corridor to Yellowstone National Park. With no covenants and minimal zoning restrictions, this rare offering provides outstanding flexibility for a wide range of uses. Breathtaking views will be protected for generations, as the property is surrounded by state land and conservation easements. Adding even more value, the property includes four grandfathered billboards offering potential lease income or advertising opportunities for a future business. Gorgeous views of Emigrant Peak are framed by the Absaroka and Gallatin Ranges. The property backs to a 9, 000-acre ranch, borders 470 acres of state land, and is situated across Highway 89 from a 4, 400-acre conservation easement, with the Yellowstone River and Mallard Rest Fishing Access Site both within walking distance, creating lasting and unobstructed views and direct access to world class recreation. Improvements include a newer 5, 600 sq. ft. shop built in 2019 with an attached 1, 600 sq. ft. apartment featuring polished concrete floors, solid wood trim and doors, and custom cabinetry. With 670 feet of Highway 89 frontage, established access via a 50-foot curb cut, three pre-approved vacation rentals, and 20 inches of water rights for pond or irrigation use (buyer to verify), the possibilities are limited only by your imagination.