LYTLE Troy OH 45373

$ 1,060,200.00

Lytle Rd, Troy, OH 45373, USA
  • Property ID: 55733
  • MLS #: 373821
  • Status:

Description

The subject property is 55.8 acres. The sale is subject to tenants rights and crop rights. The parcel contains 3 interstate billboard display signs. The land owner has negotiated a long term lease for the display signs expiring December 2028. Annual rental income from display signs is $8,554. There is a annual rent escalator of 3% in the lease agreement. Lessor may terminate the sign lease upon 60 day written notice. The land is cash rented for $14,229 per year. The ground lease may be terminated if the lessor gives the lessee sixty days notice prior to the expiration of the annual lease term ending on December 31, of each year. This property was annexed into the City of Troy on 9/29/2016.

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Location Details

  • County: Miami
  • Directions: Route 41 to North Dorset which turns into Lytle Road
  • Township: Concord
  • School District: 5509 Troy CSD

Property Details

  • Lot Dimensions: 55.8 acres
  • Subdivision: none
  • Area Desc: 701 Troy
  • Acres: 55.80
  • Original List Price: $ 1,060,200.00
  • List Price/Acre: 19000.00
  • Land Info: Crop Right,Tillable
  • New Financing: Cash,Conventional
  • Occupancy: Subject To Tenants Rights
  • Ownership: Corporate Owned
  • Parcel ID #: C06058450

Fees&Taxes

  • Tax Year: 2014
  • Additional Tax Info: CAUV

Courtesy of

  • Office Name: Turn-Key Management, Realtors

This style property is located in Troy is currently and has been listed on Always Sunny Realty. This property is listed at $ 1,060,200.00. It has bedrooms, bathrooms, and is . The property was built in year.