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    9520 Jacksontown Rd Newark, OH 43056

    For Sale
    $2,464,000

    Ohio farmland with commercial zoning potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 44-acre property, located at 9520 Jacksontown Road SE in Heath, Ohio (zip code 43056), presents a unique investment opportunity. The land boasts dual zoning: agricultural in the rear and commercial zoning at the front, offering significant flexibility for development. The asking price is $2,464,000, translating to $56,000 per acre. The property's APN is 041-119970-00.005. Convenient access to city utilities is a key advantage, with water, electric, gas, and sewer already available. Pre-approved engineering drawings exist for a roadway split, streamlining the development process. Utility easements have been recorded and approved, ensuring a smooth transition for future projects. This versatile land parcel is situated in Licking County and offers a blend of agricultural and commercial potential, making it an attractive option for a variety of uses. The property's location in Heath, Ohio, provides easy access to Newark and other nearby amenities. This is a rare opportunity to acquire a large parcel of land with established utilities and approved plans, ready for immediate development or continued agricultural use.

    Property Features for 9520 Jacksontown Rd

    General Information

    Property type
    Farms
    Lot Size
    1,916,640 SF

    HighLights

    • Generous commercial zoning at the front, transitioning to agricultural zoning in the rear.
    • Utility easements are recorded and approved.
    • Pre‑approved engineered roadway plans for the property split are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Auto Repair Shop Kitchen & Bath Accounting Firm Bar & Pub Computer & Electronic Repair Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.3234843
    Latitude
    39.9934035

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    FAQs

    What type of property is this?
    Farm - Ohio farmland with commercial zoning potential.
    Where is this farm located?
    The property is located at 9520 Jacksontown Rd Newark, OH.
    What is the asking price?
    The asking price for this property is $2,464,000.
    What are key features of this property?
    This property features: Generous commercial zoning at the front, transitioning to agricultural zoning in the rear.; Utility easements are recorded and approved.; Pre-approved engineered roadway plans for the property split are available.
    Request Owner's contact information
    9520 Jacksontown Rd Newark, OH 43056
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    Newark, OH 43056
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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
    9520 Jacksontown Rd Newark, OH 43056
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