$1,060,200

0 Lytle

Troy OH, 45373

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 January 2019. 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
Sub-TypeResale
StatusActive
Days On Site1018

Features

Acreage55.80

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Area Information

StateOH
CityTroy
Zip Code45373
AreaTroy
Listing VS Median (in 45373)
Price:
$1,060,200
low | high
Med:
$244,900
100% of Average
On Site:
1018
low | high
Med:
100
100% of Average
Listing Updated: 09/15/2019
MLS Number: 373821
Listing Provided By:
David Messler  of  Turn-Key Management Realtors