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    6205 Hoover Rd Grove City, OH 43123

    Sponsored
    For Sale
    $600,000

    Prime 1.5-acre commercial lot in Grove City, Ohio.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.5-acre commercial land parcel presents a unique investment opportunity in the thriving Grove City, Ohio market. Located at 6205 Hoover Road, this property enjoys a highly visible position at the southwest corner of London-Groveport Road (Rt. 665) and Hoover Road. Its strategic location offers excellent accessibility and high traffic exposure, making it ideal for a variety of commercial ventures. Currently situated in Jackson Township, the seller is offering a buyer the flexibility to facilitate the annexation and zoning processes within Grove City, streamlining the development path. The asking price for this remarkable property is $600,000. The property's 1.5-acre size provides ample space for development, allowing for significant flexibility in design and construction. Its adjacency to a CVS Pharmacy further enhances its desirability and potential for attracting customers and tenants. This is a rare chance to acquire a well-located, sizable commercial lot with the potential for substantial return on investment. The property's address is 6205 Hoover Road, Grove City, Ohio, 43123, within Franklin County. The latitude and longitude coordinates are 39.8372339 and -83.0740759 respectively. This prime location offers a compelling opportunity for businesses seeking high visibility and convenient access.

    Property Features for 6205 Hoover Rd

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑acre commercial land parcel in Grove City, Ohio, at the highly visible corner of London‑Groveport Road (Rt. 665) and Hoover Road.
    • $600,000 asking price.
    • Excellent accessibility and high traffic exposure, ideal for various commercial uses.
    • Seller will assist with annexation and zoning within Grove City.
    • Adjacent to a CVS Pharmacy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Grove City
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0740759
    Latitude
    39.8372339

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    FAQs

    What type of property is this?
    Land - Prime 1.5-acre commercial lot in Grove City, Ohio.
    Where is this land located?
    The property is located at 6205 Hoover Rd Grove City, OH.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 1.5-acre commercial land parcel in Grove City, Ohio, at the highly visible corner of London-Groveport Road (Rt. 665) and Hoover Road.; $600,000 asking price.; Excellent accessibility and high traffic exposure, ideal for various commercial uses.
    Request Owner's contact information
    6205 Hoover Rd Grove City, OH 43123
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    Grove City, OH 43123
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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
    6205 Hoover Rd Grove City, OH 43123
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