Multifamily Development Land
For Sale
Contact for pricing
2345 Demorest Rd, Grove City, OH
Approximately 11 acres ideal for multifamily development in Grove City.
Property SizeContact for details
Lot Size11.00 Acres
Days on Market652
Property Features for 2345 Demorest Rd
General Information
Standard status
Active
Lot size
11.00 Acres
Property subtype
LAND
Listing Agency:
Hanna Commercial Real Estate | Central Ohio
(614) 554-4408
Listed By:
Doug Tenenbaum · License #2003006998
(614) 554-4408
Source:
Moodyscre
Added: Oct 27, 2024
Changed: Aug 8
Last Checked: Jul 15 at 9:47PM
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 Hanna Commercial Real Estate | Central Ohio
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
178
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Frequently Asked Questions
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.
