Real Estate for Sale: Ohio, US, Money Maker- Wickliffe Ohio -56 condos + to build - Bishop and Ridger Road

Asking Price: $18,000,000
Location: Bishop and Ridger Road
City: Wickliffe
State/Province: Ohio
Country: US
Type: Lot

As you may or may not know- I represent Land F Developers. I am currently assisting the sale of property located in Wickliffe Ohio. We are looking for a builder to come in and buy the property outright or we can add the roads and sewers if necessary. We recently took the property off the market and had a letter of intent from a builder but he wasn't able to come up with the money in the end, so we are starting over fresh. WE are looking for SERIOUS buyers only, that have the ability to finance or get financing for a project of this size. This is an easy job for the builder and since it is condos- construction costs are lower... The price we are asking is at or very close the what we have in the property and our profit margin is very low because as I said the Developer (owner) has serious health problems and would like to expedite the sale of the property as fast as possible.
OPPORTUNITY- for Builder
WICKLIFFE OHIO- corner of Bishop and Ridge Road (across from coulby park)
(CONDOS)
56 -blanks
55 and older
All approvals complete- ready to break ground
estimated price range $220K-$230K+
City approval for up to 3 story construction
UNIMPROVED
Price- 1.8 Million - this is the cash price if you need time or help with the financing the price obviously goes up.
IMPROVED by us (50 days to complete 150K down cash Balance in escrow/signed contract only)
Price- 3.3 Million - sewers and road
Builder Break down
@1.8 million 32k+ improvements/ per blank--sell at 230K Builder has 198K to build and take profit--
@3.3 Million 59k all improved/ sell at 230k Builder has 171K to build each condo and take profit
Attaractions- beautiful historic Coulby Park and mansion, the new swimming pool and rec area, close to RTA, etc. See the lake from the property!!
If you would like any plans or a walk through please get back to me ASAP- We are looking to schedule walk throughs this Saturday and Sunday. If you have any questions, concerns or would like to make a offer, please call 440-499-6296 and leave a message and your phone number. I will return your call promptly!

E-Mail: theagency@gmx.net