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Mixed-Use Redevelopment Site
For Sale
$400,000

5151 Norwich Street, Hilliard, OH 43026

Approximately three-quarter-acre site with existing improvements and direct adjacency to a planned trail connection.

Property Size5,280 SF
Price / SF$75.76
Days on Market15

Property Features for 5151 Norwich Street

General Information

Standard status Active
Size 5,280 SF
Property subtype Mixed Use

Taxes and HOA fees

Annual Taxes $10,903

Building Details

Building Size 5,280 SF
Year Built 1956
Listing Agency: Keller Williams Greater Cols
Listed By: Martha D Hunley · License #450518
Source: Camtaylor
Added: Aug 7 Changed: Aug 17 Last Checked: Aug 20 at 11:36AM

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 Keller Williams Greater Cols

Investment Insights

Based on property information with market context.

This mixed-use property comprises approximately 3/4 of an acre with existing improvements constructed in 1956. The current improvements are identified as functionally obsolete, and the existing use is legally nonconforming following a zoning change. The site is directly adjacent to a future trail connection that will link with the area’s expanding trail network.

The property is near Downtown Hilliard and the restaurants, shops, and attractions of Old Hilliard. The City of Hilliard has expressed interest in redevelopment incorporating retail mixed-use, multifamily housing, restaurants and entertainment, office or professional services, or other pedestrian-oriented commercial uses. Current zoning uses are located under Documents.

Key Highlights

  • Approximately 3/4 of an acre
  • Existing improvements built in 1956
  • Current improvements identified as functionally obsolete

Property Analytics

Current Use

Landscape Design Solutions Landscaping

Suggested Use

Top Pick Parking Lot & Garage Storage Facility Electrical Service Furniture & Home Goods Grocery & Convenience Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

820
Businesses Nearby

Demographics for 43026, OH

64,607
Population
25,671
Households
2.5
Avg Household Size
35
Median Age
55%
College-Educated
96%
High-School Grad
35.3 sq mi
ZIP Area
1,830
Density / Sq Mi
$110,369
Median Household Income
$59,770
Median Earnings
$1,430
Median Rent
$324,300
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Approximately three-quarter-acre site with existing improvements and direct adjacency to a planned trail connection.
Where is this mixed-use property located?
The property is located at 5151 Norwich Street Hilliard, OH.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Approximately 3/4 of an acre; Existing improvements built in 1956; Current improvements identified as functionally obsolete
More about this property
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