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    455 State St Westerville, OH 43082

    Sponsored
    For Sale
    $377,000

    0.88 Acres, $377,000, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.88-acre parcel, located at 455 N. State Street in Westerville, Ohio, presents a compelling investment opportunity. Currently zoned residential (APN: 31733401032000), this S4 undeveloped land (Use Code: 400 commercial - vacant land) requires rezoning and approval from the City of Westerville for commercial use. The asking price is $377,000. The property boasts excellent frontage on N. State Street, enjoying a strategic location south of Polaris Parkway and Polaris Fashion Mall, and north of historic downtown Westerville. Its proximity to I-270 (Columbus outer belt) and the John Glenn Columbus International Airport (approximately 20 minutes away) further enhances its appeal. The property is situated within the Westerville city limits, benefiting from Westerville taxes and school district services. An additional 0.406 acres is available for purchase on the corner of Count Line Road for a separate negotiated price. This property offers significant potential for developers and investors seeking a high-visibility location in a thriving Ohio market. The land is currently vacant and ready for development. Serious inquiries are encouraged to explore the possibilities of this prime commercial real estate offering.

    Property Features for 455 State St

    General Information

    Property type
    Land
    Lot Size
    38,333 SF

    HighLights

    • 0.88‑acre parcel, APN 317‑334‑01‑032‑000, located in Westerville, Ohio.
    • Currently residentially zoned (S4 undeveloped, Use Code 400), requires rezoning for commercial use.
    • Priced at $377,000; adjacent 0.406‑acre parcel available for separate purchase.
    • High‑visibility location on N. State Street, near Polaris Parkway, Polaris Fashion Mall, I‑270, and John Glenn Columbus International Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Westerville
    County
    Delaware
    State
    Ohio
    Longitude
    -82.930524
    Latitude
    40.137442

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    FAQs

    What type of property is this?
    Land - 0.88 Acres, $377,000, High Visibility
    Where is this land located?
    The property is located at 455 State St Westerville, OH.
    What is the asking price?
    The asking price for this property is $377,000.
    What are key features of this property?
    This property features: 0.88-acre parcel, APN 317-334-01-032-000, located in Westerville, Ohio.; Currently residentially zoned (S4 undeveloped, Use Code 400), requires rezoning for commercial use.; Priced at $377,000; adjacent 0.406-acre parcel available for separate purchase.
    (614) 893-3513
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    455 State St Westerville, OH 43082
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    Westerville, OH 43082
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    455 State St Westerville, OH 43082
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