1209 Stringtown Rd Grove City, OH 43123
16 Acres, Prime Development Site
Property Features for 1209 Stringtown Rd
General Information
- Property type
- Land
- Lot Size
- 696,960 SF
Listing Agency: Colliers - Columbus, Ohio Listing Agent: Cody J. Carey
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 16-acre property in Grove City, Ohio (Franklin County, zip code 43123, located at 1209 Stringtown Rd) presents a unique investment opportunity. The primary 10-acre site, with approximately 9 developable acres, is ideally suited for a mixed-use development. Currently zoned residential and commercial, Grove City actively supports annexation from Jackson Township and rezoning as a Planned Urban District (PUD). The city's plan includes a medical office component on approximately 3 acres, addressing the significant demand fueled by a less than 1% vacancy rate and the proximity to the OhioHealth Hospital (completed 2018). In return for this medical space, the city will permit a five-story apartment, condominium, or senior housing project, capitalizing on Grove City's rapid growth as a Columbus suburb. The strong residential demand is driven by Columbus's status as one of the nation's fastest-growing cities and the Midwest's fastest-growing MSA. An additional 6 acres adjacent to the site are available for purchase, allowing for immediate expansion or future development. The asking price for this exceptional opportunity is $6,600,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Grove City
- County
- Franklin
- State
- Ohio
- Longitude
- -83.029839
- Latitude
- 39.8741812
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FAQs
What type of property is this?
Land - 16 Acres, Prime Development Site
Where is this land located?
The property is located at 1209 Stringtown Rd Grove City, OH.
What is the asking price?
The asking price for this property is $6,600,000.
What are key features of this property?
This property features: 10-acre site with approximately 9 acres developable; currently zoned residential and commercial, annexation and rezoning to PUD possible with Grove City.; Grove City will annex two eastern parcels and rezone to PUD, with a portion dedicated to medical development in exchange for allowing a five-story multifamily building.; High demand for medical office space in Grove City (under 1% vacancy, no Class A space available), adjacent to OhioHealth Hospital.
