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    13347 Us-23 Ashville, OH 43103

    Sponsored
    For Sale
    $14,000,000

    334 Acres, Multi-Use Potential, High Income

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity: 334 acres of prime industrial land in Ashville, Ohio, strategically located in Pickaway County, just 25 minutes south of downtown Columbus. This expansive property boasts approximately 25,038 square feet of existing improvements, including three residential buildings, a small office building, and six industrial spaces. Currently generating income through residential tenants and agricultural leases, this versatile property offers significant upside potential. The existing structures comprise commercial warehouse space, residential units, and garages with apartments above. Approximately 200 acres are situated outside the floodplain, making it highly attractive for development projects targeting the growing Columbus market. The property features significant road frontage (approximately 1,990 feet) on US-23 and substantial river frontage (approximately 6,300 feet) along the Scioto River. Zoned for commercial use (APN: D1400010018200, D1400010018100), this property is ideally positioned near a new Ohio Department of Transportation rest stop and has sewer access nearby. The strong labor market and growing residential market in Pickaway County further enhance its appeal. This is a rare opportunity to acquire a large-scale property with diverse income streams and immense development potential in a rapidly expanding region. Asking price: $14,000,000.

    Property Features for 13347 Us-23

    General Information

    Property type
    Land
    Lot Size
    14,549,040 SF

    HighLights

    • 334 acres in South Bloomfield, Ohio.
    • ±25,038 SF of existing improvements.
    • Tremendous development potential.
    • Located in rapidly growing Pickaway County.
    • Adjacent to new Ohio Department of Transportation rest stop.
    • Sewer access available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ashville
    County
    Pickaway
    State
    Ohio
    Longitude
    -82.9872043
    Latitude
    39.73860978

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    FAQs

    What type of property is this?
    Land - 334 Acres, Multi-Use Potential, High Income
    Where is this land located?
    The property is located at 13347 Us-23 Ashville, OH.
    What is the asking price?
    The asking price for this property is $14,000,000.
    What are key features of this property?
    This property features: 334 acres in South Bloomfield, Ohio.; ±25,038 SF of existing improvements.; Tremendous development potential.
    Request Owner's contact information
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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
    13347 Us-23 Ashville, OH 43103
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