Atticus Development Middletown Union Ren
12.6 Acres of Residential Land Offered at $6,561,000 USD in Franklin, OH 45005
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $6,561,000
- Property Type
-
Land
Listing Contacts
Mark Langdon
Verified Profile
- Property Info
Property Overview
ENTITLED SITE
City Council has approved the use of this highly coveted medical and business district for the first and only multi-family development.
STRONG DEMAND
Middletown is an under-served community with a deficit of 2,600 dwellings. Atticus would only need to capture less than 10% of this market.
PERMITTED
Project is permitted and ready to break ground.
CITY CONCESSIONS
City is waiving all permit fees.
COUNTY CONCESSIONS
Warren Country is waiving Sales Tax on materials which equates to $1.75 million in net savings
City Council has approved the use of this highly coveted medical and business district for the first and only multi-family development.
STRONG DEMAND
Middletown is an under-served community with a deficit of 2,600 dwellings. Atticus would only need to capture less than 10% of this market.
PERMITTED
Project is permitted and ready to break ground.
CITY CONCESSIONS
City is waiving all permit fees.
COUNTY CONCESSIONS
Warren Country is waiving Sales Tax on materials which equates to $1.75 million in net savings
Property Details
- Property Subtype
- Residential/Multifamily
Highlights
- Entitled and approved Multi-Family site ready to build
- Incentives secured at approximately $1.75M
- Warren County - across from Atrium Medical Center
- Across the street from the impending first-class transformational mixed-use entertainment development $200 Million Event Center project in Middletown
- The city is waiving all permit fees
- There's a moratorium in this area for new multi-family, allowing for sufficient occupancy
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