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1563 Lexington Ave

Mansfield, OH 44907

 

Land For Sale  •  24.84 ac

Property Details

  • Property Type Land
  • Lot Size 24.84 ac
0 Transit Score
47 Walk Score

Description

Capstone Land Sales is pleased to present the Red Oak Trails Development Site: a ±22.8-acre land site with road frontage to State Route 42, and located within walking distance of the main retail hub of South Mansfield, OH. This development site provides the opportunity to develop up to 27 units per acre, and take advantage of Low Income Housing Tax Credits to develop affordable housing that can generate an 80% rental rate premium to existing market rate apartment communities in Mansfield, OH. Adjacent condo developments also provide an option for more traditional development avenues, as they have sold for prices at, or around $200,000, as of September 2017.

Highlights

Economically Viable Affordable Housing Opportunity
Additional Compelling Development Strategies
1/4 Mile from Retail Hub of South Mansfield
Stasiu Geleszinski 513-417-5588 Capstone Apartment Partners
Stasiu Geleszinski 513-417-5588 Capstone Apartment Partners