Property profile

0 Market Ave Middletown, OH 45005

OFF-MARKET
Land
12.6 ac lot
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Property summary

AI-generated overview

This exceptional 12.6-acre parcel in Middletown, Ohio (45005), located on Market Ave in Butler County, presents a unique opportunity for immediate multi-family development. Zoned Multi-Family BC-H, this permit-ready site boasts pre-approved entitlements, eliminating lengthy delays and streamlining the construction process. The Atticus project plan, already in place, envisions 243 multi-family dwellings. Significant cost savings are available through a county sales tax exemption on construction materials up to $1.75 million, coupled with the city's waiver of all permit fees. Construction can commence immediately, capitalizing on a current moratorium on new multi-family projects in the area, ensuring strong occupancy rates. This prime location offers unparalleled advantages, situated directly across the street from a planned $200 million mixed-use entertainment development, including a state-of-the-art event center, scheduled to break ground in Q4 2024. This development will significantly enhance the area's desirability and property values. The asking price for this exceptional opportunity is $6,561,000. Don't miss this chance to acquire a truly exceptional, ready-to-build multi-family development site in a rapidly growing area. The property's latitude and longitude coordinates are 39.49666, -84.31943 respectively.

Property profile

Verified
Property type Land
Lot 12.6 ac (548,856 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Market Ave Middletown, OH 45005
Middletown metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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