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    8540 East Pike Norwich, OH 43767

    For Sale
    $1,750,000

    Prime location, high traffic, mixed-use potential.

    Property size:
    9,229 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 5.11-acre commercial property boasts an unparalleled location at the intersection of I-70 Exit 164 (East & West) and US 40 in Norwich, Ohio. The property offers 377 feet of frontage on US 40 and 367 feet of frontage on I-70, ensuring maximum visibility for any business. Daily traffic counts are substantial, with 43,832 vehicles passing the I-70 exit and 7,336 vehicles on US 40 providing excellent access to the property. The site currently features two buildings totaling 9,229 square feet, currently used for retail and warehouse purposes. This presents a unique opportunity for a variety of businesses seeking high visibility and convenient interstate access. The property's strategic location is approximately halfway between New Concord and Zanesville, Ohio, offering a central position within the region. Furthermore, the property is equipped with Phase 3 electric service and a larger septic system, allowing for potential expansion to accommodate future growth. This is an ideal opportunity for an enterprise seeking a high-traffic, high-visibility location with excellent access to major transportation arteries. The existing buildings provide immediate operational space, while the ample land and infrastructure support future development and expansion.

    Property Features for 8540 East Pike

    General Information

    Property type
    Mixed-use properties
    Square Feet
    9,229 SF
    Lot Size
    222,592 SF

    Building Details

    Year Built
    1978
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Building Supply Auto Repair Shop Hotel & Motel Kitchen & Bath Garden Center Discount Store Furniture Store Convenience Store Pawn Shop Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    Muskingum
    State
    Ohio
    Longitude
    -81.82887
    Latitude
    39.97448

    Nearby Comparable

    • $1,750,000
      9,229 SF

      Prime Norwich Commercial Property

      High-traffic I-70/US 40 location, 9,229 SF
      8540 East Pike, Norwich, OH 43767
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    • $4,500,000
      165,000 SF

      Norwich Industrial Property with Generator

      165,000 SF industrial property featuring backup generator.
      102 N Sundale Rd, Norwich, OH 43767
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    • $70,000

      7-Acre Norwich Land - Buildable Lot

      Wooded Ohio land, buildable, electric available.
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    Nearby Similar for Sale

    • $4,500,000
      165,000 SF

      Norwich Industrial Property with Generator

      165,000 SF industrial property featuring backup generator.
      102 N Sundale Rd, Norwich, OH 43767
      View Details
    • $1,750,000
      9,229 SF

      Prime Norwich Commercial Property

      High-traffic I-70/US 40 location, 9,229 SF
      8540 East Pike, Norwich, OH 43767
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime location, high traffic, mixed-use potential.
    Where is this mixed-use property located?
    The property is located at 8540 East Pike Norwich, OH.
    What is the asking price?
    The asking price for this property is $1,750,000.
    (740) 622-3669
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    8540 East Pike Norwich, OH 43767
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8540 East Pike Norwich, OH 43767
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