Prime Development Land Online Only Auction

Tuesday, May 14^th @ 5:30 PM

30.5 Acres – Home & Buildings – Great Location – Ideal Investment Opportunity

Located at 1099 Reynoldsburg New Albany Road, Blacklick, OH.

Real Estate:  Attention investors and developers, selling 30.5 acres of prime real estate with a tremendous location.  This property offers the ability to purchase a century home, buildings, and 30 acres of seclusion or could be utilized for a premium housing development. Conveniently located just south of Jefferson Country Club, this property is flanked by Pinecrest and Jefferson Meadows and is next in line for the natural progression and development of Gahanna.  The property has two access points from the Pinecrest development and also benefits from over 1,300 feet of frontage on Reynoldsburg – New Albany Road.  Previous plans for the development of this property highlight the ability to divide premium lots with potential for great return on your investment.  The terrain of the property is ideal and the growth of pine trees gives the property natural landscaping and maturity. The property is zoned Planned Suburban Residential District (PSRD).

Also included with the property is a turn of the century home and buildings.  The two-story home is currently configured as a duplex however could be converted back to a single-family home with great character.  The buildings include a flat barn with lofts and a 48’x80’ pole building with electric, cement floors, and 5 overhead doors. The homestead could be split separate adding to the security of this investment. If you are in the market for a tremendous investment opportunity in one of the hottest real estate markets in the country, this property deserves your attention.

Open House: The property will be open for preview on Tuesday, May 7th 4-5PM. Feel free to pick up a flyer in the info box on the property and walk the property at your leisure.

Terms:  A 10% nonrefundable down payment is due at the auction with the balance due at closing within 45 days.  A 10% buyer’s premium will be added to the final bid to determine the purchase price. All desired inspections need to be completed prior to bidding. 

Taxes/Legal:  Property is Franklin County Parcel #170-000125.00. The taxes on this property are currently $3954.85 per half year based on CAUV and will be pro-rated to the date of closing on that basis. Buyer will be responsible for any CAUV tax recoupment.

RES.bid

Joseph Mast, Auctioneer – Andy White – Jon Mast – Seth Andrews, Broker