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    State Route 38 South Solon, OH 43153

    For Sale
    $2,500,000

    High-visibility land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 316,245.6 square foot commercial land parcel in South Solon, Ohio (43153), presents a remarkable investment opportunity. Located at 0 State Route 38 NE, this property boasts unparalleled visibility from I-71, strategically positioned near the new Honda plant. Its "shovel-ready" status, featuring two convenient cut-ins, significantly streamlines the development process. The expansive lot size offers ample space for a variety of commercial ventures, including truck parking facilities or other large-scale developments. A unique feature is a water tower on the property, currently unused, presenting exciting possibilities for advertising or even as a potential cell phone tower site. The sellers are flexible and open to considering owner financing or potential trades, making this an even more attractive proposition. This Fayette County property offers a compelling blend of location, size, and potential, making it an exceptional investment opportunity. The property is classified as Land and Office. The asking price is $2,500,000.

    Property Features for 0 State Route 38

    General Information

    Property type
    Office Properties & Spaces
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    South Solon
    County
    Fayette
    State
    Ohio
    Longitude
    -83.6135572
    Latitude
    39.7441639

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    FAQs

    What type of property is this?
    Office Property / Space - High-visibility land, ideal for development.
    Where is this office property / space located?
    The property is located at State Route 38 South Solon, OH.
    What is the asking price?
    The asking price for this property is $2,500,000.
    Request Owner's contact information
    State Route 38 South Solon, OH 43153
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    South Solon, OH 43153
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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
    State Route 38 South Solon, OH 43153
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