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    600 State St Westerville, OH 43082

    Sponsored
    For Sale
    $450,000

    1.42 Acres, 73 Parking Spaces, Build-to-Suit

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.42-acre commercial land parcel presents a unique build-to-suit opportunity in the thriving Westerville, Ohio market. Located at 600 N State St, in Delaware County (zip code 43082), this property offers significant potential for development. The site boasts ample on-site parking with 73 spaces, addressing a key concern for many businesses. The lot is strategically positioned behind the Nikou Learning Center, with frontage on Office Parkway, ensuring high visibility and accessibility. Development plans could accommodate a two-story building of up to 24,000 square feet, providing flexibility for a variety of commercial uses. Its convenient location offers easy access to major transportation arteries, including I-71 and I-270, and is minutes away from the Polaris area, placing it within reach of a robust consumer base and numerous amenities. This prime location, combined with the substantial lot size and ample parking, makes this property an ideal investment for developers seeking a high-impact commercial project in a desirable area. The asking price for this exceptional opportunity is $450,000.

    Property Features for 600 State St

    General Information

    Property type
    Land
    Lot Size
    61,855 SF

    HighLights

    • 1.42‑acre build‑to‑suit opportunity in Westerville, OH.
    • Potential for a 24,000 SF, two‑story building.
    • 73 on‑site parking spaces.
    • High‑visibility location behind Nikou Learning Center, fronting Office Parkway.
    • Minutes from Polaris area.
    • Close proximity to I‑71 and I‑270.
    Property Profile Location Intelligence

    Current Use by Public Records

    City Barbeque Caterer The Nest Schools Day Care Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Westerville
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9268358
    Latitude
    40.1414519

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    FAQs

    What type of property is this?
    Land - 1.42 Acres, 73 Parking Spaces, Build-to-Suit
    Where is this land located?
    The property is located at 600 State St Westerville, OH.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 1.42-acre build-to-suit opportunity in Westerville, OH.; Potential for a 24,000 SF, two-story building.; 73 on-site parking spaces.
    (614) 629-5234
    Request Owner's contact information
    600 State St Westerville, OH 43082
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    Westerville, OH 43082
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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
    600 State St Westerville, OH 43082
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