Raemelton Dr 92 Acres of Commercial Land Offered at $5,428,000 in Mansfield, OH 44906

INVESTMENT HIGHLIGHTS

  • Rare opportunity for land that has been held over 100 years by the same family
  • The property is zoned R-1 and R-2. The seller will allow a buyer to rezone the property
  • Water, sewer, gas and electric on site

EXECUTIVE SUMMARY

Rare opportunity for land that has been held over 100 years by the same family. Directly adjacent to Akron Children's Hospital and The Mansfield Veterans Administration Clinic along South Trimble Road with a traffic county of roughly 15,000 vehicles per day. Bordered to the South by West Cook Road with 992 linear feet of frontage, 2,530 linear feet of frontage on Woodland Road to the East and 871 linear feet of frontage on Marion Avenue to the North.
$79,000 per acre if interested in 20 acres or less. $59,000 per acre for 50 acres or more.

PROPERTY FACTS

Price $5,428,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units - Senior
  • Single Family Development
  • Single Family Residence
Total Lot Size 92.00 AC

1 LOT AVAILABLE

Lot

Price $5,428,000
Price Per AC $59,000.00
Lot Size 92.00 AC

Currently zoned R-1 and R-2. Seller will allow a buyer time to rezone the property. Water, Sewer, Gas, and Electric on site

DESCRIPTION

This is a 92-acre lot that has been held over 100 years by the same family. The property is zoned R-1 and R-2. Water, sewer, gas and electric on site.

PROPERTY TAXES

ZONING

Zoning Code R-1 and R-2 (Residential)
  • Listing ID: 25497474

  • Date on Market: 4/18/2022

  • Last Updated:

  • Address: Raemelton Dr, Mansfield, OH 44906