Split-Capacity Residential Development
For Sale
$850,000
4948 E Walnut Street # Lot 1 Westerville, Westerville, OH 43081
Residential land offering two parcels, with a rear ravine and access to major regional employment and retail corridors.
Property SizeContact for details
Lot Size8.47 Acres
Days on Market48
Property Features for 4948 E Walnut Street # Lot 1 Westerville
General Information
Standard status
Active
Lot size
8.47 Acres
Property subtype
Land
Zoning
residential
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$19,267
Building Details
Year Built
1900
Listing Agency:
(614) 333-1934
Listed By:
Terri Barnett
(614) 333-1934
Source:
Mainrealtors
Added: Jul 6
Changed: Aug 8
Last Checked: Jul 6 at 5:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Terri Barnett
Investment Insights
Based on property information with market context.
This offering consists of a recently split tract of residential land that is being presented as two parcels: an original 8.47-acre parcel and an additional 4.035-acre parcel. The property includes a significant ravine at the rear, which creates a natural edge and helps maintain privacy from adjacent homes. The existing site supports use by an architect and builder, with flexibility for a home on site or potential construction on a new building location.
The property is described as being about one-third mile to the water of Hoover Reservoir. It also provides convenient drive times to New Albany Village Center and Uptown Westerville, along with access to major routes including 161/270. Additional nearby destinations referenced include Easton Town Center, Polaris, and the Columbus Airport.
For buyers and builders, the two-parcel configuration can support a range of residential plans, including options for a multi-generational setup. The ravine and limited views of adjacent homes are key site attributes for anyone prioritizing privacy while developing on one or both parcels.
The property is described as being about one-third mile to the water of Hoover Reservoir. It also provides convenient drive times to New Albany Village Center and Uptown Westerville, along with access to major routes including 161/270. Additional nearby destinations referenced include Easton Town Center, Polaris, and the Columbus Airport.
For buyers and builders, the two-parcel configuration can support a range of residential plans, including options for a multi-generational setup. The ravine and limited views of adjacent homes are key site attributes for anyone prioritizing privacy while developing on one or both parcels.
Key Highlights
- Residential land with 2 parcels totaling 8.47 acres and 4.035 acres, recently split
- Approximately 1/3 mile to the water of Hoover Reservoir
- 8.47 acres includes a rear ravine and potential privacy with limited views of adjacent homes
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Explore this area
Business Placement
Demographics for 43081, OH
64,338
Population
28,457
Households
2.3
Avg Household Size
37
Median Age
54%
College-Educated
98%
High-School Grad
25.1 sq mi
ZIP Area
2,563
Density / Sq Mi
$90,336
Median Household Income
$55,015
Median Earnings
$1,434
Median Rent
$297,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residential land offering two parcels, with a rear ravine and access to major regional employment and retail corridors.
Where is this residential land & home lot located?
The property is located at 4948 E Walnut Street # Lot 1 Westerville Westerville, OH.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Residential land with 2 parcels totaling 8.47 acres and 4.035 acres, recently split; Approximately 1/3 mile to the water of Hoover Reservoir; 8.47 acres includes a rear ravine and potential privacy with limited views of adjacent homes
