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    3 Gratiot Rd Hopewell, OH 43056

    Sponsored
    For Sale
    $109,900

    Spacious lot, stunning views, country setting.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 306,226.8 square foot lot, located at Lot 3 Gratiot Road in Heath, Ohio (zip code 43056), presents a unique opportunity to build your dream home. Situated in a private location just outside the village of Gratiot, Ohio, this property boasts breathtaking views of the surrounding countryside and neighboring farms. The land features a small stream, offering options for building either near the creek or on the hillside for incredible panoramic vistas. Electric service is conveniently located at the road. The property is within the West Muskingum Local School District. While some building restrictions are in place, a new survey is complete, and county approvals have been obtained. Annual taxes are to be determined due to the recent lot division. All mineral rights owned by the seller will transfer to the buyer. This is an exceptional opportunity to own a substantial piece of land in a desirable location, ready for development. The asking price for this remarkable property is $109,900.

    Property Features for 3 Gratiot Rd

    General Information

    Property type
    Land

    HighLights

    • 306,226.8 sq ft lot in Heath, OH (43056).
    • Located in a private setting outside Gratiot, OH, offering scenic countryside views.
    • Features a stream and options for hillside or creekside building.
    • Electric service at the road; West Muskingum Local School District.
    • New survey and county approvals complete; some building restrictions apply.
    • All mineral rights transfer to buyer; taxes TBD due to recent lot split.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopewell
    County
    Licking
    State
    Ohio
    Longitude
    -82.2130238
    Latitude
    39.9628464

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    FAQs

    What type of property is this?
    Land - Spacious lot, stunning views, country setting.
    Where is this land located?
    The property is located at 3 Gratiot Rd Hopewell, OH.
    What is the asking price?
    The asking price for this property is $109,900.
    What are key features of this property?
    This property features: 306,226.8 sq ft lot in Heath, OH (43056).; Located in a private setting outside Gratiot, OH, offering scenic countryside views.; Features a stream and options for hillside or creekside building.
    Request Owner's contact information
    3 Gratiot Rd Hopewell, OH 43056
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    Hopewell, 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
    3 Gratiot Rd Hopewell, OH 43056
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