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  • 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 $14,787 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. The property was also Rezoned to R-5 on May 3rd of 2021.

    KEY DETAILS
    • Price:
    • $1,200,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • n/a
    • Acreage:
    • 55.80
    • MLS #:
    • 373821
    • Street Address:
    • 0 Lytle
    • City:
    • Troy
    • State:
    • OH
    • Postal Code:
    • 45373
    • County:
    • Miami
    • Area:
    • 701 Troy
    • Subdivision:
    • None
    • Listing Status:
    • For Sale - Pending

    Land

    • Lot Description:
    • Crop Right, Tillable

    Listing

    • Financing Options:
    • Cash, Conventional

    Money

    • Ownership:
    • Corporate Owned
    • Tax Year:
    • 2014

    Source

    • Listing Provided By Turn-Key Management
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    SCHOOL RATINGS
    n/a

    SCHOOL DISTRICT: 5509 TROY CSD

    NOTES

    No notes have been added for this home.

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