Listed by Forman Realtors
$10,500,000
1345 Legend Lane
Details
APN 066-319152-00.000
Property Type Land, Industrial
Sub Type Warehouse, Residential
NOI $30,000
Year Built 2001
Year Renovated 2016
Acreage 123.970
Land | 123.97 acres
Marketing description
Excellent investment opportunity! This impressive 124-acre tract is ideally located just 5 miles southeast of the rapidly growing New Albany International Business Park. The property spans 3,926 feet along the north side of State Route 161, just east of Route 310. A 16' waterline is available on Jersey Mill Road at the northwest corner of the site, and a new 3-million-gallon-per-day sewer plant is planned directly east of the property, currently moving through the design phase. No additional land will be taken from this parcel for the upcoming six-lane expansion of State Route 161. Recent area acquisitions include multiple medical companies to the west, further highlighting the region's strong growth trajectory. The seller is open to considering a single-investor buy-in opportunity of this exceptional tract.
Listing Contacts
Listed by Forman Realtors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,000.00
$2,500.00/mo
Valuation Metrics
0
DSCR
0.29%
Cap Rate
0.29%
ROI
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