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320 S Wayne Ave - Cincinnati/Northern Hamilton County Submarket
28.49 Acres of Commercial Land Offered at £4,046,150 in Cincinnati, OH 45215
Investment Highlights
- Fed Opportunity Zone; Contiguous to new I-75 Exit 12. Easy access to Galbreath, I-275, I-74, I-71, Ronald Reagan/Cross County Hwy, Norwood Lateral
Executive Summary
State of Ohio to Acquire 7+-Acres for new I-75 Exit 12.
Fed Opportunity Zone;Tax Increment Financing
2-5 acres available
New I-75 Exit 12 Commercial Opportunities
Property Facts
| Price | £4,046,150 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| Sale Conditions | Development Sale | Total Lot Size | 28.49 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | £4,046,150 |
| Sale Type | Investment |
| Sale Conditions | Development Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 28.49 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | £4,046,150 | Lot Size | 28.49 AC |
| Price Per AC | £142,020 |
| Price | £4,046,150 |
| Price Per AC | £142,020 |
| Lot Size | 28.49 AC |
New I-75 Exit 12, estimated to use 7-+Acres Average Daily Traffic on I-75 is 98,860 Outstanding Interstate Visibility Convenient Entrance/Exit Access Numerous Business & Personal Amenities Nearby Covenant Not to Sue (CNS) Ohio Tax Increment (TIF)
Description
Brownfield site with State of Ohio Covenant Not to Sue (CNS) and No Further Action (NFA). OPPORTUNITY ZONE (OZ). Level, rough grade, utilities to site, 2 curb cuts, contiguous to City of Cincinnati Possible tax abatement Current exposure I-75 southbound 98,000-+vehicles daily, future I-75 northbound lane contiguous to current southbound lane resulting in 190,000-+ vehicles daily. 22,000 vehicle count on S Wayne Avenue
PROPERTY TAXES
| Parcel Number | 641-0007-0094 | Improvements Assessment | £0 |
| Land Assessment | £465,338 | Total Assessment | £465,338 |
PROPERTY TAXES
zoning
| Zoning Code | light manufacturing |
| light manufacturing |
-
Will Korte -
US Commercial Real Estate, LLC
Presented by
320 S Wayne Ave - Cincinnati/Northern Hamilton County Submarket
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