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    Us 40 West Jefferson, OH 43162

    For Sale
    $3,941,500

    78.83 Acres, $50k/Acre, I-70 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 78.83-acre industrial land parcel presents a unique investment opportunity in West Jefferson, Ohio. Located on US 40, this property boasts unparalleled access to major transportation arteries, including I-70 via OH-29 and US-42, and is less than 10 miles from I-270 and Columbus. The strategic location offers significant advantages for logistics and distribution, placing the property in close proximity to a thriving industrial hub. Surrounding the site are over 9 million square feet of Class A distribution and e-commerce facilities occupied by major companies such as Target, Kellogg's, Restoration Hardware, Amazon, Mars Petcare, Ace Hardware, Medline, JoAnn Fabrics, Moen, Honeywell, and Torrid, as well as a FedEx cross-dock terminal. This concentration of established businesses underscores the area's robust economic activity and high demand for industrial space. Further enhancing its appeal, utility extensions are currently underway along US-42, streamlining development and reducing infrastructure costs. The asking price is $3,941,500, translating to an attractive price per acre of $50,000. This property represents a compelling investment opportunity for developers and businesses seeking a strategic location within a rapidly growing industrial corridor. The land is zoned for industrial use and is ready for immediate development. Detailed site plans and surveys are available upon request.

    Property Features for 0 Us 40

    General Information

    Property type
    Land
    Lot Size
    3,433,835 SF

    HighLights

    • Excellent I‑70 access via OH‑29 and US‑42.
    • Less than 10 miles to I‑270 and Columbus, OH.
    • Surrounded by major distribution centers totaling over 9 million square feet of Class A space, including Target, Kellogg's, and Amazon.
    • Prime investment opportunity in a rapidly developing area.
    • Utility infrastructure improvements underway along US‑42.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    West Jefferson
    County
    Madison
    State
    Ohio
    Longitude
    -83.36883765
    Latitude
    39.939591

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - 78.83 Acres, $50k/Acre, I-70 Access
    Where is this land located?
    The property is located at Us 40 West Jefferson, OH.
    What is the asking price?
    The asking price for this property is $3,941,500.
    What are key features of this property?
    This property features: Excellent I-70 access via OH-29 and US-42.; Less than 10 miles to I-270 and Columbus, OH.; Surrounded by major distribution centers totaling over 9 million square feet of Class A space, including Target, Kellogg's, and Amazon.
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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
    Us 40 West Jefferson, OH 43162
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