$1,200,000

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.