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    7948 Columbus Rd Pataskala, OH 43062

    Sponsored
    For Sale
    $994,000

    High-visibility, 589K+ sq ft lot, $994,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 7948 Columbus Road SW in Pataskala, Ohio, presents a unique investment opportunity. Situated on the northeast corner of Columbus Road (SR 16) and Watkins Road, this 589,802.4 square foot lot boasts unparalleled visibility and accessibility. Zoned General Business, the property is ripe for development, offering a multitude of commercial possibilities. The existing structures include a three-bedroom, two-bathroom home and a pole barn, providing potential for immediate use or future redevelopment. Built in 1940, the property's location in Licking County, Ohio, zip code 43062, offers easy access to major transportation routes. The expansive lot size allows for significant flexibility in development plans. Prospective buyers are encouraged to verify zoning regulations with the city of Pataskala zoning department to ensure alignment with their intended use. This high-traffic location ensures maximum exposure for any commercial venture. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving Ohio community. The asking price is $994,000.

    Property Features for 7948 Columbus Rd

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1940

    HighLights

    • Prime 589,802.4 sq ft lot in Pataskala, OH, at the high‑traffic corner of Columbus Rd (SR 16) & Watkins Rd.
    • General Business zoning allows for diverse commercial development.
    • Existing improvements include a 3 bed/2 bath home & pole barn.
    • Located in Licking County, OH (zip code 43062), offering excellent access to major transportation routes.
    • Asking price: $994,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pataskala
    County
    Licking
    State
    Ohio
    Longitude
    -82.6406682
    Latitude
    40.0092067

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    FAQs

    What type of property is this?
    Specialty property - High-visibility, 589K+ sq ft lot, $994,000
    Where is this specialty property located?
    The property is located at 7948 Columbus Rd Pataskala, OH.
    What is the asking price?
    The asking price for this property is $994,000.
    What are key features of this property?
    This property features: Prime 589,802.4 sq ft lot in Pataskala, OH, at the high-traffic corner of Columbus Rd (SR 16) & Watkins Rd.; General Business zoning allows for diverse commercial development.; Existing improvements include a 3 bed/2 bath home & pole barn.
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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
    7948 Columbus Rd Pataskala, OH 43062
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