0 LYTLE, Troy, OH$1,200,000
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Kristen GrasserKristen Grasser Profile PhotoPhone: (937) 439-4500
Cell: (719) 494-7536
kristen.grasser@coldwellbanker.com
David B. Messler LogoListing Provided By:
David B. Messler of Turn-Key Management Realtors
MLS#:373821
Zoning:
Golf Course:
Water Front:F
Status:Active
Acreage:55.80
Property View:
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 $14,787 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. The property was also Rezoned to R-5 on May 3rd of 2021.
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Updated: 12/08/2021  You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed to be accurate.

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4060 Executive Dr, Dayton, Ohio 45430

Phone: (937) 429-4500
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