$1,020,000
$1,200,000
15.0%For more information regarding the value of a property, please contact us for a free consultation.
0.45 Acres Lot
SOLD DATE : 10/31/2023
Key Details
Sold Price $1,020,000
Property Type Vacant Land
Sub Type Development
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 223022111
Sold Date 10/31/23
Originating Board Columbus and Central Ohio Regional MLS
Annual Tax Amount $2,689
Lot Size 0.450 Acres
Lot Dimensions 0.45
Property Description
Total 0.45-acre (3 parcels) Clintonville site that has been rezoned and all city approvals and variances secured for the construction of a five-story, 45-unit multifamily property with 2,000 SF of ground level commercial space. Current owner has conducted all necessary environmental, geotechnical and traffic/parking investigations as well as preliminary development plans, all available upon request. Total annual RE taxes of $7,776. The site is currently leased to a used car dealership through May 2025 after which it becomes MTM. Monthly rent is $3,229. Tenant pays all operating expenses except RE taxes. Either party can terminate the lease early with applicable notice and breakage fees. The only improvement currently on the site is a 1,218 SF structure used as a car sales office.
Location
State OH
County Franklin
Area 0.45
Zoning Commercial
Rooms
Dining Room No
Interior
Equipment No
Others
Tax ID 010-003021
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