Cherry St Newark, OH 43055
- Land
Current Use by Public Records
- Land
Property Details for 0 Cherry St
- Property type
- Land
- Property subtype
- Apartment buildings
Description
Exceptional investment opportunity in Newark, Ohio. This 2.5-acre (108,900 sq ft) lot, located at 0 Cherry Street, presents a unique chance to develop or expand a multifamily property. The property boasts an amazing view of the Licking River and offers a secluded feel, accessed via an alley on E. Postal Ave. All city utilities are readily available, simplifying development. The asking price is $142,000. This multifamily property, classified as an apartment building and duplex/triplex/quadruplex, presents significant potential for investors seeking a prime location in a desirable area. The substantial lot size allows for considerable flexibility in development plans, catering to various multifamily project scales. The convenient access and proximity to city utilities make this a highly attractive proposition. Don't miss this rare opportunity to acquire a substantial property in a thriving Ohio community. The property's unique blend of privacy and convenient access to city amenities makes it an exceptional investment prospect. Act quickly to secure this remarkable opportunity.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Licking
- State
- Ohio
- Longitude
- -82.4124
- Latitude
- 40.0803
