Property Type:
Land/Farm
Lot Size (sq. ft.):
19,602
Status:
Closed
Current Price:
$1,020,000
List Date:
7/14/2023
Last Modified:
3/02/2025
Overview
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.
Last Updated: March - 02 - 2025
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