Declaration Dr Lancaster, OH 43130
- Land
Current Use by Public Records
- Land
Property Details for 0 Declaration Dr
- Property type
- Land
Description
This exceptional 11.73-acre parcel, encompassing two lots (APN: 05-34009-210; 0534009211), presents a unique development opportunity in Lancaster, Ohio. Located at 0 Declaration Drive, 43130, this property is zoned RS-3 and offers a total of 510,958.8 square feet, representing Section 2 of the Brentwood Subdivision. The land is priced at $44,757 per acre, with an asking price of $545,000. While preliminary engineering work for streets, sewer, and water lines was completed in 2003 and approved by the City of Lancaster, these plans require updating and re-approval before construction. Importantly, no improvements (roads or utilities) currently exist on-site. However, city gas, water, and sewer services are readily available at the property's edge. The site's potential is significant, with plans indicating the possibility of developing up to 39 residential lots. This presents a compelling investment for developers seeking to capitalize on the demand for residential properties in this desirable Lancaster location. This is a rare opportunity to acquire a substantial land holding with significant development potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Fairfield
- State
- Ohio
- Longitude
- -82.5647
- Latitude
- 39.7452
