Prime Development Opportunity in
4236 Hazelton Etna Road SW Pataskala, OH 43062
For Sale
Contact for pricing
Six contiguous parcels ideal for retail, multi-family, or mixed-use development.
Property Size2,528 SF
Price / SF$494.46
Days on Market143
Property Features for 4236 Hazelton Etna Road SW
General Information
Standard status
Active
Size
2,528 SF
Property subtype
Mixed Use
Building Details
Year Built
1990
Listing Agency:
RE/MAX Town Center
Listed By:
Ron Kendle · License #2015003009
Source:
Crexi
Added: Mar 9
Changed: Jul 10
Last Checked: Jul 28 at 5:32PM
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 RE/MAX Town Center
Investment Insights
Based on property information with market context.
Six contiguous parcels are available as an assemblage in a rapidly growing corridor. This offering presents a development opportunity ideal for retail, multi-family, mixed-use, or overlay development, subject to zoning and approvals. The site has visibility and convenient access to major roadways. The combined acreage of 2528 square feet provides flexibility for a variety of development concepts, including neighborhood retail, higher-density residential, or a coordinated mixed-use project. The location benefits from continued residential and commercial growth in the surrounding area.
Key Highlights
- Prime development opportunity in a rapidly growing corridor.
- Six contiguous parcels offered together as an assemblage.
- Ideal for retail, multi‑family, mixed‑use, or overlay development (subject to zoning and approvals).
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.3k | $27.00 |
| − Vacancy | −$2.4k | −$0.97 |
| EGI | $65.8k | $26.03 |
| − OpEx | −$24.7k | −$9.76 |
| NOI | $41.1k | $16.27 |
2,528 SF · lease $27.00/SF/yr · vacancy 3.58% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$587.6K
$514.2K – $685.6K
NOI $41,133 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.03M
$1.78M – $2.37M
NOI $142,120 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - Six contiguous parcels ideal for retail, multi-family, or mixed-use development.
Where is this commercial land located?
The property is located at 4236 Hazelton Etna Road SW Pataskala, OH.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime development opportunity in a rapidly growing corridor.; Six contiguous parcels offered together as an assemblage.; Ideal for retail, multi‑family, mixed‑use, or overlay development (subject to zoning and approvals).
