8712 Martinsburg Rd Mount Vernon, OH 43050
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 8712 Martinsburg Rd
- Property type
- Commercial real estate
Description
This expansive 106.2-acre parcel, located at 8712 Martinsburg Road in Mount Vernon, Ohio (43050), presents a remarkable investment opportunity. The property boasts a substantial 4,617,360 square feet of land, ideally situated across the street from the Mount Vernon Country Club neighborhood. Utilities are readily accessible at the curb, with the sewer line a short 0.22 miles away at Twin Oaks Elementary School. The property is already annexed into Mount Vernon, and all necessary documentation is available. A rough draft site plan outlines extra-large lots, offering flexibility for developers to adjust lot sizes to accommodate a higher density of homes. Current zoning allows for five homes per acre, with a minimum of 1200 square feet per home. An active zoning change is underway, promising the potential for increased density in the future. The property's proximity to Intel (30 miles away) adds significant long-term value. The asking price for this exceptional development opportunity is $5,000,000. The "New Community Authority Program" is in place to offset significant development expenses. Note that there are two sets of owners.
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
- Mount Vernon
- County
- Knox
- State
- Ohio
- Longitude
- -82.4570605
- Latitude
- 40.3621959
