Offering Memorandum Residential-Zoned Land Site | ± 10.18 Acres T a B L E O F C O N T E N T S
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OFFERING MEMORANDUM RESIDENTIAL-ZONED LAND SITE | ± 10.18 ACRES T A B L E O F C O N T E N T S Will Young EXECUTIVE SUMMARY 3 Commercial Real Estate Advisor [email protected] PROPERTY INFORMATION 4 404-876-1640 x141 SURVEY 5 Jacob Carlton SALE COMPS 6 Associate [email protected] AREA OVERVIEW 8 404-876-1640 x182 RETAILER MAP 9 Broker of Record 10 Brian Brockman IN THE AREA Bang Realty, Inc ABOUT THE AREA 12 OH License Number: 263907 ZONING INFORMATION 13 Bull Realty, Inc. 15 50 Glenlake Parkway, Suite 600 MAJOR EMPLOYERS Atlanta, GA 30328 DEMAND DRIVERS 16 BullRealty.com BROKER PROFILE 17 CONFIDENTIALITY AGREEMENT 18 DISCLAIMER 19 Exclusively listed by Bull Realty, Inc. R e s i d e n t i a l - Z o n e d L a n d S i t e | ± 1 0 .1 8 A c r e s | P a g e 2 o f 1 9 E X E C U T I V E S U M M A R Y PROPERTY DESCRIPTION KEY FIGURES Bull Realty and Bang Realty are pleased to present the opportunity to acquire this ± 10.18-acre, residential- zoned land site on State Route 28 in Goshen Township, OH. The property is located 30 miles east of Cincinnati in Clermont County and is situated less than a mile from Goshen High School, Goshen Middle School, Spaulding Elementary School and Marr Cook Elementary. The property is also located ± 0.7 miles Residential-Zoned Land Site from Kroger and Goshen Grind coffee shop. Additional shopping, dining and recreation options can in Goshen Township, OH conveniently be found approximately 10 minutes southwest in the town of Mulberry, OH. PROPERTY HIGHLIGHTS ± 10.18-acre land site on State Route 28 in Goshen Township, OH All Utilities Available Zoned R-5 ideal for multifamily or single-family development to Site All utilities are available to the site Seller is willing to allow time for approvals Parcel ID: 11-22-07K-209 Located ± 30 Miles from Located less than a mile from Kroger and Goshen School District schools Downtown Cincinnati Less than 10 minute drive from Mulberry dining and entertainment options Located ± 30 miles from Downtown Cincinnati Available For Sale for $1,700,000 R e s i d e n t i a l - Z o n e d L a n d S i t e | ± 1 0 .1 8 A c r e s | P a g e 3 o f 1 9 P R O P E R T Y I N F O R M AT I O N GENERAL Property Address: State Route 28, Goshen, OH 45122 County: Clermont SITE Site Size: ± 10.18 Acres Parcel ID: 11-22-07K-209 Zoning: R-5 Proposed Use: Multifamily, Single-Family Residential Utilities: All Utilities Available to Site Topography: Generally Level AREA Traffic Count: 7,190 VPD on State Route 28 Frontage: 708' on Main Street Neighboring Properties: 0.75 miles from Goshen High School, 0.28 miles from Kroger Cross Streets: State Route 28 & Main Street FINANCIAL Price/Acre: $166,994 Sale Price: $1,700,000 R e s i d e n t i a l - Z o n e d L a n d S i t e | ± 1 0 .1 8 A c r e s | P a g e 4 o f 1 9 S U R V E Y Click here to view proposed development plan: https://bit.ly/2TJAaGt Click here to view flood map: https://bit.ly/3hnCQmj R e s i d e n t i a l - Z o n e d L a n d S i t e | ± 1 0 .1 8 A c r e s | P a g e 5 o f 1 9 S A L E C O M P S Subject Property SUBJECT PROPERTY ADDRESS CITY ASKING PRICE PRICE / AC SITE SIZE SOLD DATE State Route 28 Goshen $1,700,000 $166,994 10.18 AC - SALES COMPS ADDRESS CITY SALE PRICE PRICE / AC SITE SIZE SOLD DATE 1 9305 Allen Road West Chester $3,100,000 $216,631 14.31 AC 09/13/2019 2 Ausn Blvd Miamisburg $1,000,000 $200,000 5.0 AC 11/15/2019 3 179 Commerce Drive Loveland $1,100,000 $220,000 5.0 AC 11/03/2020 4 3232 Eastgate Center Cincinnati $672,505 $99,189 6.78 AC 03/05/2021 5 Elizabeth Lane Wilington $1,300,000 $130,000 10.0 AC 01/09/2020 R e s i d e n t i a l - Z o n e d L a n d S i t e | ± 1 0 .1 8 A c r e s | P a g e 6 o f 1 9 S A L E C O M P S Subject Property ADDRESS CITY ASKING PRICE PRICE / AC SITE SIZE SOLD DATE 6 Manson Road Monroe $1,586,700 $176,692 8.98 AC 04/28/2021 7 8341 Princeton Glendale Road West Chester $4,100,000 $266,579 15.38 AC 10/13/2020 8 Bethany Road Liberty Township $814,720 $160,062 5.09 AC 07/17/2019 R e s i d e n t i a l - Z o n e d L a n d S i t e | ± 1 0 .1 8 A c r e s | P a g e 7 o f 1 9 A R E A O V E R V I E W R e s i d e n t i a l - Z o n e d L a n d S i t e | ± 1 0 .1 8 A c r e s | P a g e 8 o f 1 9 A E R I A L M A P R e s i d e n t i a l - Z o n e d L a n d S i t e | ± 1 0 .1 8 A c r e s | P a g e 9 o f 1 9 I N T H E A R E A R e s i d e n t i a l - Z o n e d L a n d S i t e | ± 1 0 .1 8 A c r e s | P a g e 1 0 o f 1 9 I N T H E A R E A KINGS ISLAND CINCINNATI/NORTHERN 1 Kings Island is a 364-acre amusement park KENTUCKY INT’L. AIRPORT 2 that features over 100 attractions that includes CVG is a public international airport that fourteen roller coasters and a 33-acre water covers an area of 7,700 acres. Not only does park. In 2017, Kings Island was the second- the airport offer non-stop passenger service to most visited amusement park in the United over 50 destinations but is also a global hub for States, with an estimated 3.47 million visitors. Amazon Air and more. It is the fastest-growing It also has been awarded “Best Kids’ Area” in cargo airport in North America and had over the world for eighteen consecutive years. 9 million passengers in 2019. Amazon Air is currently developing over 1,000 acres of land. BETHESDA NORTH HOSPITAL UNIVERSITY OF CINCINNATI 3 This award-winning hospital provides a wide The University of Cincinnati is a public research 4 range of services from heart care to maternity university and is the oldest institution of higher services. Cincinnati’s leader in acute heart education. There are over 46,000 students attack care, among top 100 U.S. hospitals for offering over 400 degree programs making it cardiac care, top choice for maternity care, the second largest university in Ohio. It has Cincinnati’s preferred hospital for orthopedic been named “Among the top tier of the Best care are just a few achievements Bethesda National Universities” according to U.S. News North has been granted. & World Report. XAVIER UNIVERSITY CSX TRANSPORTATION 6 5 Founded in 1831, this private Jesuit university QUEENSGATE YARD is the sixth-oldest Catholic university and The Queensgate Yard is one of the largest rail has over 7,000 undergraduate and graduate classification facilities in North America, with a students. It is annually ranked among the length of five miles and over 70 miles of track. nation’s best universities and offers 90+ It is one of the most productive hump yards on undergraduate majors and has a 98% success the CSX system. rate. The Xavier community challenges and supports students as they cultivate lives of reflection and informed action. R e s i d e n t i a l - Z o n e d L a n d S i t e | ± 1 0 .1 8 A c r e s | P a g e 1 1 o f 1 9 A B O U T T H E A R E A GOSHEN TOWNSHIP, OHIO NOTABLE AREA EMPLOYERS (Clermont County) Goshen Township, Ohio is a growing community of 17,500 people – the 4th largest of the fourteen townships in Clermont County. Located 30 miles east of Cincinnati, the thirty-four square mile community offers shopping, recreation and employment opportunities found in urban places along with the solitude of the rural countryside. Goshen Township boasts 4 public schools including Goshen High School, Goshen Middle School, Spaulding Elementary School and Marr Cook Elementary School. DEMOGRAPHICS 1 MILE 3 MILES 5 MILES POPULATION 1,614 12,992 35,030 # HOUSEHOLDS 603 4,819 12,580 AVG.