For Sale
$545,000

Declaration Dr Lancaster, OH 43130

Prime Residential Land, 39 Potential Lots

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 11.73-acre parcel, encompassing two lots (APN: 05-34009-210; 0534009211), presents a unique development opportunity in Lancaster, Ohio. Located at 0 Declaration Drive, 43130, this property is zoned RS-3 and offers a total of 510,958.8 square feet, representing Section 2 of the Brentwood Subdivision. The land is priced at $44,757 per acre, with an asking price of $545,000. While preliminary engineering work for streets, sewer, and water lines was completed in 2003 and approved by the City of Lancaster, these plans require updating and re-approval before construction. Importantly, no improvements (roads or utilities) currently exist on-site. However, city gas, water, and sewer services are readily available at the property's edge. The site's potential is significant, with plans indicating the possibility of developing up to 39 residential lots. This presents a compelling investment for developers seeking to capitalize on the demand for residential properties in this desirable Lancaster location. This is a rare opportunity to acquire a substantial land holding with significant development potential.

Highlights

  • $545,000 asking price.
  • 11.73-acre residential land parcel in Lancaster, OH.
  • RS-3 zoning.
  • 510,958.8 sq ft lot size.
  • $44,757/acre land value.

Property Details for 0 Declaration Dr

Property type
Land

Location Insight

City
Lancaster
County
Fairfield
State
Ohio
Latitude
39.7451762
Longitude
-82.5647359

FAQs

What type of property is this?
Land - Prime Residential Land, 39 Potential Lots
Where is the land located?
The property is located at Declaration Dr Lancaster, OH.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: $545,000 asking price.; 11.73-acre residential land parcel in Lancaster, OH.; RS-3 zoning.
How can I contact the broker?
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0 Declaration Dr
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