0 Cherry StNewark, OH 43055

Property Details for 0 Cherry St

Property type

Land

Property subtype

Multifamily properties

Description

Exceptional investment opportunity in Newark, Ohio. This 2.5-acre (108,900 sq ft) lot, located at 0 Cherry Street, presents a unique chance to develop or expand a multifamily property. The property boasts an amazing view of the Licking River and offers a secluded feel, accessed via an alley on E. Postal Ave. All city utilities are readily available, simplifying development. The asking price is $142,000. This multifamily property, classified as an apartment building and duplex/triplex/quadruplex, presents significant potential for investors seeking a prime location in a desirable area. The substantial lot size allows for considerable flexibility in development plans, catering to various multifamily project scales. The convenient access and proximity to city utilities make this a highly attractive proposition. Don't miss this rare opportunity to acquire a substantial property in a thriving Ohio community. The property's unique blend of privacy and convenient access to city amenities makes it an exceptional investment prospect. Act quickly to secure this remarkable opportunity.

Location Insight

City

Newark

County

Licking

State

Ohio

Latitude

40.0803

Longitude

-82.4124

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