1302 Main St Piqua, OH 45356-9359
This exceptional 6-acre industrial land parcel, located at 1302 S Main St, Piqua, Ohio (45356), presents a unique investment opportunity. Zoned I-2 Heavy Industrial, this property boasts pre-approved plans for a 606-unit self-storage facility, ready for immediate development. The site benefits from a pre-1994 Community Reinvestment Area (CRA) agreement, securing a substantial 15-year tax abatement. This translates to an estimated tax savings of nearly $2 million based on a projected $6 million property value. Construction plans, awaiting final city approval, are available for review. The property's location along busy S Main St provides excellent visibility and accessibility. The current owners have completed the initial steps, including securing zoning approval and the CRA, making this a truly shovel-ready project. This is an exceptional opportunity to capitalize on a pre-approved development plan and significant tax advantages. The Miami County location and convenient access to major transportation routes further enhance the property's appeal. APN: N44-076200. Asking price: $2,000,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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