Office/Contract Info

For Sale

Yes

For Exchange

No

For Lease

No

Remarks & Misc

Property Description

Check out this incredible real estate opportunity in Urbana, where you'll find not one but two lots available for sale, each zoned R-2. These lots present a unique chance to shape your vision in a prime location near one of the city's busiest intersections, providing a high traffic count and excellent visibility. Both parcels total .75 acres. The front lot is 1073 S. Main (K48-25-11-02-31-008-00) and is .25 acres and features an older, 20X20 garage. The back lot is 133 Cherry Lane (K48-25-11-02-31-009-00) is .50 acre and features a 12x32 barn/storage building. The lots are on the corner of South Main and Cherry Lane with road frontage on both Streets. The neighboring property to the South of the subject property has 3 parcels in total and is For Sale. Those parcels include 1071 S. Main and 1075 S. Main, and they provide an additional 2.53 acres in total for all 3 parcels. 1075 S. Main includes a rental home, and 1071 S. Main has 2 additional structures. If both listings were purchased, the total acreage would be 3.28 acres at a highly visible intersection. Depending on the new owner's use/vision, rezoning and variances would be needed. The neighboring parcel, # K48-25-11-02-31-012-00, that is for sale, is zoned B-2. Bring your vision and development it right here near the intersection of US Hwy 68 and State Route 55.

Income/Expenses

Gross Income

0

Net Operating Income

0

Total Expenses

0

Addl Acceptance Cond

None Known

Yes

New Financing

Conventional

Yes

MLS Primary PhotoSrc

Realtor Provided

Yes

Property Features