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    Pike Pike Upper Valley Pike Springfield, OH 45504

    For Sale
    $299,900

    8 Acres, Commercial Zoning Potential, Utilities Available

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 7.92-acre property presents a remarkable investment opportunity in Springfield, Ohio. Comprising two parcels—one in German Township and one in Springfield Township—both have been annexed into the city limits. This strategic location offers significant development potential for a variety of uses. The Springfield Township parcel is currently zoned commercial, while the German Township parcel is zoned residential, providing flexibility for future planning. The property boasts convenient access to county utilities situated along Upper Valley Pike. The substantial acreage allows for a wide range of development possibilities, making it ideal for investors and developers seeking a prime location with significant upside. Prospective buyers should note that applications for any intended use must be submitted to the City of Springfield and the respective township zoning departments for approval. This is a rare chance to acquire a large, strategically located parcel in a growing area, ready for your vision. The existing zoning designations provide a solid foundation for various projects, from commercial ventures to residential developments. The availability of utilities simplifies the development process, reducing upfront costs and accelerating project timelines. Don't miss this chance to secure a significant land holding in a desirable location.

    Property Features for Pike Pike Upper Valley Pike

    General Information

    Property type
    Mixed-use properties
    Lot Size
    344,995 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.85784
    Latitude
    39.9269

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    FAQs

    What type of property is this?
    Mixed-use property - 8 Acres, Commercial Zoning Potential, Utilities Available
    Where is this mixed-use property located?
    The property is located at Pike Pike Upper Valley Pike Springfield, OH.
    What is the asking price?
    The asking price for this property is $299,900.
    (937) 429-4500
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    Pike Pike Upper Valley Pike Springfield, OH 45504
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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
    Pike Pike Upper Valley Pike Springfield, OH 45504
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