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    1506 State Route 61 Galion, OH 44833

    For Lease
    Contact for pricing

    48 Acres, Prime Commercial Location

    Lot size:
    2,090,880 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 48-acre property presents a unique investment opportunity in Crestline, Ohio. Strategically located on the corner of the 30 bypass and State Route 61, this land boasts unparalleled visibility and accessibility. Its dual Agricultural and Commercial zoning allows for a wide range of development possibilities, catering to diverse business needs. The single-tenant status offers flexibility and control, making it ideal for a single large-scale operation or the potential for subdivision into smaller parcels. The expansive acreage provides ample space for various projects, from warehousing and distribution centers to light industrial facilities or even agricultural ventures. Given its high-traffic location, this property is perfectly positioned to capitalize on the substantial foot and vehicle traffic along these major thoroughfares. The potential for significant return on investment is undeniable, making this a truly compelling opportunity for discerning investors seeking a prime location with substantial development potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is currently designated as single-tenant land. Further details regarding zoning regulations and permitted uses are available upon request.

    Property Features for 1506 State Route 61

    General Information

    Property type
    Farms
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,090,880 SF

    Unit(s) available at that property

    Space
    Size
    2,090,880 SF

    HighLights

    • 48‑acre land parcel.
    • Single‑tenant property.
    • Located at the corner of St. Rt. 61 and the 30 bypass.
    • Agricultural and commercial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Auto Repair Shop Storage Facility Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Galion
    County
    Crawford
    State
    Ohio
    Longitude
    -82.7486631
    Latitude
    40.7590594

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    FAQs

    What type of property is this?
    Farm - 48 Acres, Prime Commercial Location
    Where is this farm located?
    The property is located at 1506 State Route 61 Galion, OH.
    What are key features of this property?
    This property features: 48-acre land parcel.; Single-tenant property.; Located at the corner of St. Rt. 61 and the 30 bypass.
    Request Owner's contact information
    1506 State Route 61 Galion, OH 44833
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    Galion, OH 44833
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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
    1506 State Route 61 Galion, OH 44833
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