Foreclosure Auction of 31 Acres on Interstate 70 with Cell Tower
FORECLOSURE AUCTION! Wed. Nov. 1 @ 1pm. Online Bidding at OhioSheriffSales. 2 Licking Co. parcels located at the NE intersection of I-70 and OH-13 with 31 total acres. Income producing properties with numerous income streams. Appraised by the Licking Co. Sheriff's department for $750,000. Bidding starts at $350,000. Both parcels totaling 31.128 acres will sell together and will not be offered separately. 10077 Jacksontown Road (SR 13) is Licking Co. Parcel ID# 041-120090-00.000 and has 28.97 Acres featuring 893 feet of frontage on I-70 and 254 feet of frontage on SR 13. Located on the property is a 2 story office building with 7,812 upstairs and 7,812 downstairs and was built in 1984. Tons of uses for this space. At one time there was a television program recorded in part of the building. This large open 2 story area could be used for some type of sports or light manufacturing. Brick exterior with a large blacktop parking area with 23 lined parking spots and marquee signage on Oh-13. Also on the property is a block building that was used as a radio station and the cell tower that is attached houses a telecom lease. Current income from the telecom lease is $793.50 per month. Sprint is the only lessee on the tower at this time. We are working on obtaining the 2 current property leases and will make them available as an attachment on this web page as they are available. There is a large fenced-in area that is currently leased to the towing company who leases the pole building and the building out on Oh-13. A possible income source is the large pile of concrete on the land that could be pulverized and sold. Great visibility along I-70 with unlimited development potential.The office building is currently 100% vacant and has huge potential for individual suite leasing or could be occupied by an end user who needs a large amount of space. Suites were previously leased to a church, real estate management co., hair and nail salon, accountant, construction co. as well as others. Auditor value for this parcel is $1,126,700. Annual taxes on this parcel are $22,342. Part of this land could be farmed or could be developed for highway designated businesses. Parcel # 041-120402-00.000 has a building on OH-13 that is currently lease by B&H towing and auto repair. They claim to have a 5 year lease which has over 4 years remaining on it however the lease is probably not valid. They would like to sign a new lease with the new buyer. Monthly lease is $1,770 which includes the building on Oh-13, the pole building and the large fenced-in area on the large parcel. This parcel is 2.158 acres and has aprox 1,982 feet of frontage along OH-13 and the ramp from I-70. The auto repair shop has 1,610 SF and was built in 1970 as a gas station. Annual taxes for this parcel are $1,565. The school district is Lakewood local schools. Auditor value for this parcel is $72,000. This is a great investment property with unlimited income and development potential. Counld this be a Truck Stop or Gas Station or Restaurant Location???? Lot Size: 31.128 Acres Annual Taxes: $23,908
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