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Listed by:

Kiko Real Estate

Development Opportunity In Salem For Sale

Salem, Ohio, US
Asking Price:
Auction
Sales Revenue:
Undisclosed
Cash Flow:
Undisclosed

Outstanding 10-acre development opportunity in Perry Township, Salem, Ohio, offered at absolute auction. Zoned R-1 and R-2, with public water and sewer connected or available, this versatile property offers significant potential for residential development, investment, or renovation.

The property includes an older two-storey home requiring refurbishment, featuring an updated metal roof and connection to public water and sewer. The land is predominantly open with mature fruit trees, pine trees, and level topography, providing an attractive setting for redevelopment or future residential use. Mineral rights will transfer with the sale.

The property will be offered as a multi-par auction, allowing buyers to purchase individual parcels or the property as a whole. Parcel 1 comprises approximately 5 acres with the existing home, fruit trees, and approximately 250 feet of road frontage. Parcel 2 consists of approximately 5 acres of open land with some trees, utilities available, and approximately 250 feet of frontage.

Enquire today for further information on this development opportunity and auction terms.

Property Information

Real Estate:

Real Property Included

Lease Terms:

Property Taxes: $2,910 per year

Living Accommodation:

Older two-storey home requiring renovation.

Premises Details:

Approximately 10 acres of level land comprising an older two-storey home with updated metal roof, fruit trees, open land, pine trees, public water and sewer, and additional development land. Offered in two parcels or as a whole.

Size in square feet:
Approximately 10 acres.
Planning Consent:

Zoned R-1 and R-2 Residential.

Business Operation

Expansion Potential:

Excellent residential development or investment potential. Property is zoned R-1 and R-2 and offered as two separate parcels or combined, subject to applicable approvals.

Mineral rights transfer with the sale. Property will be offered separately in two 5-acre parcels or as a single 10-acre holding at auction.

Utilities:
Water: Public
Sewer: Public Sewer
Parking
Driveway.

Reasons for selling:

Absolute auction.