Online Auction - 4485/4461 S. Old 3C Hwy, Westerville, OH 43082
***Price listed will be the opening bid at auction*** Richard F. Kruse, Private Selling Officer, and Zane Fry of Cushman & Wakefield are pleased to offer the opportunity to step in and finish a Planned Residential District (PRD) development that has been approved by Genoa Township in Delaware County, Ohio. As planned, the development consists of 29 single family home lots with access to Hoover Reservoir. The PRD occupies 25.66 acres on a 31.25-acre lot. With the approval of Genoa Township, the PRD has been presented to Delaware County for Platt Map approval and sign off. The draft Platt was submitted and comments returned by the county on September 7, 2020. The Consulting Civil Engineer, E.P. Ferris and Associates, is in receipt of those comments and with payment of fees due for work rendered, the final Platt can be submitted for signature and final approval. While the PRD enjoys access to Hoover Reservoir by a planned public path, the remaining acreage lies directly along Hoover Reservoir boasting sweeping water views. An existing residence that was converted from a log lodge (+/- 1,794 square feet above grade), sits on the remaining site. The Lodge was originally built in 1901 and has undergone updates over time however, condition today is unknown. The structure presents a unique redevelopment opportunity. Finally, an expansive lot lies to the north of the Lodge with sweeping views that look to the east and south over Hoover Reservoir. Most recently, the property was used by Otterbein University's Equestrian Program and the accompanying barns remain. To better understand the PRD, the application as contemplated by Genoa Township is in the projects deal room. A buyer's premium of 10% will be applied over and above the high bid price. To earn a commission, Buyer referrals must be made to Auctioneer before prospective buyers make any contact with Auctioneer or register for bidding. This is a foreclosure situation. Property being offered by Private Selling Officer per the authorities granted in Ohio Revised Code 2329.152 Information available has come from public sources and is believed to be accurate but is not guaranteed. Buyers should conduct their own due diligence before bidding. List Agent has not physically viewed the property. Due to the nature of the sale, interior inspections are not allowed. Cash sale only. No financing.
31.25
Acres
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