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    2690 London Groveport Rd Groveport, OH 43125

    For Sale
    $225,000

    1.5 Acres, Rickenbacker Area, $225,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.5-acre (65,340 sq ft) vacant land parcel presents a remarkable opportunity for developers seeking a strategic location in Groveport, Ohio. Situated at 2690 London Groveport Road, this flat site boasts convenient access to major transportation arteries, placing it within easy reach of significant distribution hubs, including the Amazon Distribution Center and other key logistics facilities. The property features two existing curb cuts, one of which includes a heavy-duty concrete approach designed to accommodate semi-trucks, significantly reducing infrastructure development costs. All essential utilities—sewer, water, and electric—are readily available at the street, streamlining the development process. Zoned for community services, including auto service and repair, this site offers considerable versatility for a range of commercial projects. Its location east of the Alum Creek intersection in the Rickenbacker area further enhances its appeal to businesses seeking efficient logistics and a strong workforce. The asking price for this prime development opportunity is $225,000. This property is ideal for businesses seeking a strategic location with excellent access to transportation and a range of potential uses. Don't miss this chance to acquire a highly desirable development site in a rapidly growing area.

    Property Features for 2690 London Groveport Rd

    General Information

    Property type
    Land
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Forrest Tree Surgeon Tree Service

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Auto Repair Shop Pharmacy Wholesale Shop Hotel & Motel Auto Parts Store Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Groveport
    County
    Franklin
    State
    Ohio
    Longitude
    -82.929739
    Latitude
    39.830356

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - 1.5 Acres, Rickenbacker Area, $225,000
    Where is this land located?
    The property is located at 2690 London Groveport Rd Groveport, OH.
    What is the asking price?
    The asking price for this property is $225,000.
    Request Owner's contact information
    2690 London Groveport Rd Groveport, OH 43125
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    Groveport, OH 43125
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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
    2690 London Groveport Rd Groveport, OH 43125
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