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    1521 Hendron Rd Groveport, OH 43125

    Sponsored
    For Sale
    $525,000

    3.024 Acres, Office/Medical Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.024-acre commercial land parcel presents a prime development opportunity in Groveport, Ohio. Located in Franklin County at 1521 Hendron Rd, zip code 43125, this property boasts convenient access and high visibility near the intersection of Main Street and Hendron Road. The site benefits from all utilities already in place, simplifying the development process and reducing upfront costs. Its zoning allows for office and medical uses, catering to a wide range of potential projects. The high traffic count of 14,302 vehicles per day at the Main Street and Hendron Road intersection ensures significant exposure for any development built on this land. This strategic location, combined with the readily available utilities and flexible zoning, makes this a highly attractive investment for developers seeking a strong return. The asking price for this exceptional property is $525,000. Don't miss this chance to acquire a valuable piece of commercial real estate in a thriving Ohio community. The property is conveniently located at latitude 39.8919979 and longitude -82.8935778.

    Property Features for 1521 Hendron Rd

    General Information

    Property type
    Land
    Lot Size
    131,725 SF

    HighLights

    • 3.02‑acre parcel available for development.
    • Full utilities available on‑site.
    • Prime location near Main Street and Hendron Road intersection.
    • Zoned for office and medical development.
    • High traffic count: 14,302 vehicles per day at the Main/Hendron intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Groveport
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8935778
    Latitude
    39.8919979

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - 3.024 Acres, Office/Medical Potential
    Where is this land located?
    The property is located at 1521 Hendron Rd Groveport, OH.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 3.02-acre parcel available for development.; Full utilities available on-site.; Prime location near Main Street and Hendron Road intersection.
    Request Owner's contact information
    1521 Hendron 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
    1521 Hendron Rd Groveport, OH 43125
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