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14647 State Route 511 - Kipton Quarry

56 Acres of Industrial Land Offered at £5,085,925 in Oberlin, OH 44074

Investment Highlights

  • Quarry spans 56 acres, with sandstone extraction taking place over a 10-acre area.
  • Includes water and mineral rights, and potential for further development.
  • 400 million tons of premium sandstone

Property Facts

Price £5,085,925
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use
Industrial
  • Mixed Use
  • Cement or Gravel Plant
  • Hold For Development
  • Hold For Investment
Total Lot Size 56.00 AC

1 Lot Available

Lot

Price £5,085,925
Price Per AC £90,820
Lot Size 56.00 AC

Description

Kipton Quarry is a prominent provider of high-quality sandstone products, operating a substantial open-pit quarry in north-central Ohio. The quarry spans 56 acres, with sandstone extraction taking place over a 10-acre area. The Berea Formation provides estimated reserves of up to 400 million tons of premium sandstone. The business operates with a streamlined workforce, ensuring a lightweight and efficient operation. However, with a modest expansion to the workforce and the implementation of additional operational resources, the quarry's output and revenue could be increased tenfold. This scalability highlights the significant growth potential and operational efficiency of Kipton Quarry, making it a compelling investment opportunity with the capacity for substantial output expansion.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-11-006-000-014
Land Assessment
£77,264
Improvements Assessment
£88,098
Total Assessment
£165,361

zoning

Zoning Code Industrial
Industrial
  • Listing ID: 33791612

  • Date on Market: 07/11/2024

  • Last Updated:

  • Address: 14647 State Route 511, Oberlin, OH 44074

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