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2345 Demorest Rd Grove City, OH 43123

For Sale
$2,376,000

Approximately 11 acres ideal for multifamily development in Grove City.

Lot size:
11.00 Acres

Property Features for 2345 Demorest Rd

General Information

Lot size
11.00 Acres

Source: Hanna Commercial Real Estate | Central Ohio Agent Doug Tenenbaum

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Multifamily Development Land Opportunity

This is an opportunity to acquire approximately 11 acres, to be split from a larger 19.926-acre parcel, located in Jackson Township, Franklin County. Contiguous to the City of Columbus, the site is suitable for annexation and zoning for multifamily development and is eligible for the Citywide CRA. The property is located within the South-Western City School District. Water and sanitary utilities are available in the immediate area. The site is less than a mile from South-Western Central Crossing High School, Pleasant View Middle School, Holt Crossing Intermediate School, Bolton Crossing Elementary, and South-Western Career Academy. Situated in the southwest Columbus/Grove City submarket, the property lies just north of Big Run South Road and south of Alkire Road and I-270. The average daily traffic count in 2023 was 6,812. The topography of the land is level. The surrounding area has strong demographics, with a 1-mile radius showing a population of 8,969, an average household income of $100,000, and a median household income of $82,400. Within a 3-mile radius, the population is 86,794, with an average household income of $85,400 and a median household income of $67,600. A 5-mile radius encompasses a population of 180,736, with an average household income of $87,000 and a median household income of $70,000.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Iglesia adventista hispana ... Seventh-Day Adventist Church Great Beginnings Academy ... Preschool David Lamus Musician And Composer

Suggested Use

Realty agency Law Firm Hair Salon Clothing Store Gym & Fitness Wholesale Shop Accounting Firm Hotel & Motel Kitchen & Bath Department Store

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

Location Insight

  • Map
  • Local Demand
City
Grove City
County
Franklin
State
Ohio
Longitude
-83.1090302
Latitude
39.9044211

FAQs

What type of property is this?
Land - Approximately 11 acres ideal for multifamily development in Grove City.
Where is this land located?
The property is located at 2345 Demorest Rd Grove City, OH.
What is the asking price?
The asking price for this property is $2,376,000.
What are key features of this property?
This property features: - Ideal for multifamily development, eligible for Citywide CRA, with potential for annexation and zoning by the City of Columbus.; - Excellent location in the desirable southwest Columbus/Grove City submarket, near I-270 and contiguous to the City of Columbus.; - Strong demographics with high average and median household incomes.
More about this property
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