Description

The subject property is 55.8 acres. The sale is subject to tenants rights and crop rights. The parcel contains 3 interstate billboard display signs. The land owner has negotiated a long term lease for the display signs expiring December 2028. Annual rental income from display signs is $8,554. There is a annual rent escalator of 3% in the lease agreement. Lessor may terminate the sign lease upon 60 day written notice. The land is cash rented for $14,229 per year. The ground lease may be terminated if the lessor gives the lessee sixty days notice prior to the expiration of the annual lease term ending on December 31, of each year. This property was annexed into the City of Troy on 9/29/2016.

Details

MLS#373821
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site1455

Features

Acreage55.80
Water FrontNo
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Area Information
StateOH
CountyMiami
CityTroy
Zip Code45373
Area701 Troy
Listing VS Median (in 45373)
Price:
$1,060,200
low | high
Med:
$274,000
100% of Average
On Site:
1455
low | high
Med:
148
100% of Average
Listing Updated: November 20, 2020 9:46:25 AM PST
David B. Messler LogoMLS Number: 373821
Listing Provided By:
David B. Messler  of  Turn-Key Management Realtors
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the West Ohio Board of REALTORS®.