273 Tackett Ln - Specialty FOR SALE


Piketon, OH 45661
$5,000,000 USD
937-903-2132
273 Tackett Ln, Piketon, OH for Sale
$5,000,000 USD
Specialty - FOR SALE
1/21
null | Request Cap Rate

273 Tackett Ln
Piketon, OH 45661


HIGHLIGHTS

  • 38.57± Acres with 1,522± Feet of Tackett Road Frontage, land ideal for development
  • Located in the Heart of a Major Energy & Technology Transformation, Emerging AI & Advanced Technology Hub
  • Existing 12,000± SF Event/Conference Facility, with existing business (Twin Lakes Resort)
  • 3,700+ Acre Federal Redevelopment Site Nearby, Major New Energy Infrastructure Investment
  • Significant Development Potential, Existing Infrastructure & Improvements

OVERVIEW

Existing Event Center, Apartments, Renovated Home, Two Lakes & Significant Development Potential A Rare 38.57-Acre Development Opportunity in the Growing Piketon/Pike County, OH Corridor Positioned along approximately 1,522 feet of frontage on Tackett Road, this expansive 38.79-acre property presents an exceptional opportunity for investors, developers, owner-users, and land buyers seeking a substantial tract with existing improvements and significant future development potential. The property is located in the Piketon/Pike County area of Southern Ohio, near the Portsmouth-area energy and industrial corridor and the emerging development associated with the region's major energy and technology investments. With its size, road frontage, existing infrastructure, two lakes, and multiple existing structures, the property offers a unique combination of immediate usability and long-term development potential. EXISTING IMPROVEMENTS The property currently includes an approximately 12,000 SF event/conference facility, portions of which include residential/apartment accommodations. Originally constructed in 2014, the facility received significant updates and improvements between 2018 and 2020. The event/conference component includes approximately 5,000 SF of conference/event space, making the existing building suitable for a variety of potential commercial, office, hospitality, assembly, or adaptive-reuse concepts. Property features include: Approximately 12,000 SF existing event/conference facility (*Pike County Property Records) Approximately 5,000 SF conference/event area Four HVAC units, approximately 5 tons each Tenant-controlled HVAC Keypad-controlled access Security system Two common bathrooms with shower facilities Four additional full bathrooms located upstairs within the bedroom/apartment area Approximately 1,800 SF of upstairs storage space (30' x 60') Approximately 50' x 60' courtyard Wheelchair accessible Smoke detectors Approximately 10' ceiling height in reception area Approximately 12' ceiling height in front room Approximate building dimensions of 50' x 200' ADDITIONAL RESIDENTIAL IMPROVEMENT A separate approximately 1,200 SF, newly renovated 2-bedroom, 2-bathroom home is also located on the property. The home features: Newly renovated interior Updated appliances New HVAC Two-car garage Covered deck 2 bedrooms 2 full bathrooms This additional residence provides an opportunity for an owner, manager, caretaker, rental use, or other residential application, subject to applicable approvals. TWO LAKES & NATURAL AMENITIES Adding another dimension to the property are two lakes located on the acreage, creating an attractive setting for residential development, multifamily concepts, office campus uses, or other projects incorporating open space and water features into the overall site plan. The combination of substantial acreage, frontage, existing buildings, residential improvements, and water features creates a property that can be repositioned and developed in numerous ways. DEVELOPMENT POTENTIAL With 38.57 acres and approximately 1,522 feet of Tackett Road frontage, the property provides substantial land for future planning and development. Potential uses could include, subject to applicable governmental approvals: Multifamily / apartment development Residential development Office campus Professional or medical office Workforce housing Hospitality or lodging Event or entertainment uses Mixed-use development Redevelopment or adaptive reuse of the existing improvements Other commercial or residential concepts Buyers should independently verify zoning, annexation, utilities, development requirements, permitted uses, and availability of municipal services with the appropriate governmental authorities. LOCATION & LONG-TERM OPPORTUNITY This property offers a rare opportunity to acquire a substantial tract of land in a region experiencing significant attention from energy, industrial, technology, and infrastructure investment. For a developer, the opportunity is the acreage, frontage, lakes, and location. For an investor or owner-user, the existing event center, residential accommodations, and renovated home provide immediate improvements that can potentially be repositioned, leased, operated, or incorporated into a larger master development. The existing improvements are being offered together with the land, providing a buyer with both an existing asset base and the opportunity to create something significantly larger on the remaining acreage. 38.57 acres. 1,522'± of Tackett Road frontage. Two lakes. Existing event/conference facility. Residential accommodations. Renovated home. Significant development potential. The opportunity is here—and the next chapter is yours to create. All measurements, square footage, potential uses, development opportunities, zoning/annexation information, utilities, and other property information should be independently verified by the buyer and/or buyer's representatives. Development and proposed uses are subject to applicable governmental approvals, zoning, permits, utilities, access requirements, environmental considerations, and other applicable regulations.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Twin Lakes Resort- Piketon, Oh

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

38.79 AC

LAND SF

1,689,692 SF

ZONING

-

APN/PARCEL ID

21-018700.0000,21-018701.0000

ASK ABOUT THIS PROPERTY

Steven SperanzaWoodard DevelopmentMore Info
937-903-2132

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Steven SperanzaWoodard DevelopmentMore Info
937-903-2132

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.