Prime development opportunity, 250+/- acres on Stoll Road just a quarter mile West of Airport Road with frontage on I-69. This property is less than 1 mile from the I-69 access ramp. Per Watertown Township's Development Plan, the Future Land Use will be Medium Density and Low Density residential. The property is adjacent to 80 acres to the east, which proposes mixed use development for commercial and office uses along with multiple family residences. South of the subject property is Nottingham Fields a single family residential development. The location within DeWitt Public School District along with existing sewer and water infrastructure makes this property development ready now. The taxes include the outstanding water, sewer and paving special assessment. The existing water and sewer assessments are $62,000 per year. It will be paid up in full by the end of 2020. The Seller's will pay off the remainder of the assessment at the closing of the sale. The property taxes are $30,000 per year. The Western 164 acres of the property is in Waverly School district the Eastern 86 acres of the property is in DeWitt School district. The 250 acres is comprised of 5 parcel numbers 150-024-300-008-00, 150-024-300-007-00, 150-024-300-006-00, 150-024-400-011-00 and 150-024-400-013-00.
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|6/21/2018 2:51:00 PM|