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$2,100,000
Est. payment /mo
3 Acres Lot
UPDATED:
09/30/2024 05:38 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5012670
HOA Y/N No
Year Built 1953
Annual Tax Amount $5,580
Tax Year 2023
Lot Size 3.000 Acres
Acres 3.0
Property Description
Here is a note from the seller: My parents had a bowling alley with a lounge and event center on the southeast corner. We had a lot of lake traffic customers who stopped for fuel at Speedway…and spirits at Jolly Lanes. There was also a lot of truck traffic because of Speedway…which also, at one time, had a restaurant.
Commercial tax abatement - 75% for 15 years.
Residential tax abatement - 100% for 15 years!
Land is currently 3 acres commercial at the intersection of Rt 20 & Rt 4.
Balance of land is agricultural (71.36 ac), but city is VERY open to rezoning.
There are no convenience locations with fueling stations, hotels, or restaurants within miles of this intersection in any direction.
This property is within 1 mile of an Ohio Turnpike exit….that offers no fuel, food, or lodging.
There is no decent lodging for 15+/- miles in any direction.
The Bellevue area has manufacturing and agricultural businesses.
The City of Bellevue is ready to bring the sewer line to the intersection. Columbia Gas is willing to bring gas to the area. Water and 3-phase electric are there. Currently, the State of Ohio is offering grant money for infrastructure and new businesses in this area.
There is an 8” water line that runs north and south on the east side of Route 4. Northern Ohio Rural Water, per the 2008 annexation agreement, is obligated to bring the 12” line under the highway to our property with development. The 12” water line ends at the northwest corner of this intersection.
There are live rail lines for commercial/industrial rail spurs.
There is a biking trail along the south side of the railway tracks. There are no activities along this trail that I am aware of, no places to have a picnic, play miniature golf, get a bottle of water, use the restroom, etc., no hotel to spend the night.
Agriculturally , this land has premium fine topsoil. The farmers in the area know this. This is also part of the auditor’s report.
Commercial tax abatement - 75% for 15 years.
Residential tax abatement - 100% for 15 years!
Land is currently 3 acres commercial at the intersection of Rt 20 & Rt 4.
Balance of land is agricultural (71.36 ac), but city is VERY open to rezoning.
There are no convenience locations with fueling stations, hotels, or restaurants within miles of this intersection in any direction.
This property is within 1 mile of an Ohio Turnpike exit….that offers no fuel, food, or lodging.
There is no decent lodging for 15+/- miles in any direction.
The Bellevue area has manufacturing and agricultural businesses.
The City of Bellevue is ready to bring the sewer line to the intersection. Columbia Gas is willing to bring gas to the area. Water and 3-phase electric are there. Currently, the State of Ohio is offering grant money for infrastructure and new businesses in this area.
There is an 8” water line that runs north and south on the east side of Route 4. Northern Ohio Rural Water, per the 2008 annexation agreement, is obligated to bring the 12” line under the highway to our property with development. The 12” water line ends at the northwest corner of this intersection.
There are live rail lines for commercial/industrial rail spurs.
There is a biking trail along the south side of the railway tracks. There are no activities along this trail that I am aware of, no places to have a picnic, play miniature golf, get a bottle of water, use the restroom, etc., no hotel to spend the night.
Agriculturally , this land has premium fine topsoil. The farmers in the area know this. This is also part of the auditor’s report.
Location
State OH
County Huron
Interior
Heating Fireplace(s)
Fireplace Yes
Exterior
Present Use Agricultural
Schools
School District Bellevue Csd - 3901
Others
Tax ID 01-0310-01-007-0000
Acceptable Financing Cash, Conventional, Contract, 1031 Exchange
Listing Terms Cash, Conventional, Contract, 1031 Exchange
Special Listing Condition Standard
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Listed by John C Froelich • EXP Realty, LLC. • john.froelich@exprealty.com 440-454-1121