Land Over Aquifer with Railroad Access

Located between Middletown and Hamilton on a declared opportunity zone.Golden Group Real Estate is proud to present for sale about 7 acres of development land comprised of 4 lots situated in Middletown, Ohio, which is in the heart of the Midwest and part of the Cincinnati-Dayton metropolitan area. There was a historic building on site, formerly used as papermill, but it was recently demolished; the value is in the land. The site is conveniently located between Middletown and Hamilton and enjoys direct railroad access. The rail access runs directly through the center of the property. The old mill used the railroad when it was in operation. The spur is no longer there but can be rebuilt if needed. What makes this property unique it that it sits on an aquifer and has three wells which allows to pump 10 million gallons of water a day! Valuable underground water at the site makes the site perfect for food and manufacturing uses. At some point, “Nestle” looked at the site as a spring water bottling plant. The site is in opportunity zone and is subject to receive $5M tax credit and other incentives from the local friendly Government. To learn more, visit: https://www.choosemiddletownoh.org. Middletown is located at Interstate 75 between two major metropolitan markets, Cincinnati and Dayton-an area that is merging into one metropolitan region with a population of three million. This creates unprecedented opportunities for businesses looking to grow and expand by tapping into Middletown’s skilled workforce and growing economy, especially for those in the biomedical, steel, industrial and airport industries. Zoning/use of site is determined by Butler County. Due to a decades-old error by the county, half of the site is zoned M1 (light industrial) and the other half is zoned residential. A new owner/user will need to rezone the property before building on the site. The county prefers for the site to be rezoned to M1. Some of the uses allowed under M1 zoning include intermodal trucking terminal, storage, warehouse, machine shop, light manufacturing. Any water-intensive industries will find this site ideal as it’s situated over one of the largest natural aquifers in the U.S. with its proximity to the Great Miami River.