19.51 Acres with Tax Incentives for Sale

Technology lane Lafayette Township, OH 44256

 Technology lane, Lafayette Township, OH, 44256
 Technology lane, Lafayette Township, OH, 44256  Technology lane, Lafayette Township, OH, 44256  Technology lane, Lafayette Township, OH, 44256  Technology lane, Lafayette Township, OH, 44256
FOR SALE
Property Type:
Other Land
Amount:
$370,690
Last Verified:
Nov 08, 2023

Highlights

  • Available: 19.51 AC
  • Price per acre: $19,000
  • Frontage: 891' on Technology Lane
  • Depth: 825'
  • All Utilities are Available on Site
  • Zoned: Innovation Park Planned Unit Development (IPD)
  • Highway Access: 7 miles to I-76 and Route 3/224
  • Annual Taxes: $4,488
  • Geotechnical Study Complete
  • In Opportunity Zone
  • Potential Manufacturing and Warehousing with Proper Government Approvals

Description

The property has 19.51 acres has 891' of frontage and 825' of depth. It is in the innovation park which includes tax incentives through the Community Reinvestment Area (CRA). All the utilities including sewer and water are available at the site. This is just south of Medina's industrial park and the permitted uses are: research and development; corporate headquarters and offices; computer systems design; educational institution; electronic assembly and research; laboratory; professional activities; accessory buildings; other light manufacturing and assembly activities; data centers.

The property is located in Lafayette Township in Innovation Park on Technology Lane; and is approximately 7 miles northwest of Rt-3 & I-76 interchange and Only 4.4 miles from Downtown Medina.

Lot Size: 19.51 acres


Documents

Sale Brochure

Map of Technology lane, Lafayette Township, OH, 44256

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.