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    5044 Main St South Bloomfield, OH 43103

    Sponsored
    For Sale
    $487,000

    Prime Redevelopment Opportunity: 3 Parcels

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1-acre property in South Bloomfield, Ohio, presents a unique redevelopment opportunity for discerning investors and developers. Located at 5044 W Main St, this Class A, mixed-use land boasts a highly desirable location, just steps from State Route 23, a major thoroughfare with approximately 100,000 cars passing daily, ensuring unparalleled visibility and high foot traffic. The property comprises three vacant parcels, zoned for commercial/mixed use, simplifying the development process. Existing infrastructure includes water and sewer connections, minimizing upfront costs. The site benefits from its proximity to a new park and several new residential communities, creating a strong foundation for a thriving retail environment. Envision a dynamic retail center with four 1,700 sq ft bays, potentially housing a dental office, boutique shops, a cafe, a smoothie bar, and a hair/nail salon. This is a blank canvas for creating a successful retail destination in a growing, family-friendly community. The asking price is $487,000, and the property is offered with a ground lease. This is a truly exceptional opportunity to capitalize on a prime location and favorable zoning regulations. Don't miss this chance to shape the future of retail in South Bloomfield. The property is currently vacant and ready for immediate development. The 17-foot frontage provides ample parking and customer convenience.

    Property Features for 5044 Main St

    General Information

    Property type
    Lifestyle centers
    Class
    A
    Lot Size
    43,560 SF

    Building Details

    Units
    3

    HighLights

    • 1‑Acre Mixed‑Use Development Site in South Bloomfield, OH. $487,000 asking price, ground lease available.
    • High‑traffic location: Steps from State Route 23 (approx. 100,000 cars daily), ensuring excellent visibility and foot traffic.
    • Favorable zoning: Commercial/mixed‑use zoning simplifies development. Existing water and sewer connections minimize upfront costs.
    • Four potential 1,700 sq ft retail bays ideal for tenants such as a dental office, boutiques, cafe, smoothie bar, and hair/nail salon.
    • Prime location near a new park and residential communities, creating a strong retail environment. 17‑foot frontage provides ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Department Store Grocery Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    South Bloomfield
    County
    Pickaway
    State
    Ohio
    Longitude
    -82.988026
    Latitude
    39.717832

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Redevelopment Opportunity: 3 Parcels
    Where is this lifestyle center located?
    The property is located at 5044 Main St South Bloomfield, OH.
    What is the asking price?
    The asking price for this property is $487,000.
    What are key features of this property?
    This property features: 1-Acre Mixed-Use Development Site in South Bloomfield, OH. $487,000 asking price, ground lease available.; High-traffic location: Steps from State Route 23 (approx. 100,000 cars daily), ensuring excellent visibility and foot traffic.; Favorable zoning: Commercial/mixed-use zoning simplifies development. Existing water and sewer connections minimize upfront costs.
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    5044 Main St South Bloomfield, OH 43103
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    South Bloomfield, OH 43103
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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
    5044 Main St South Bloomfield, OH 43103
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