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    2301 Duquesne Dr Springfield, OH 45506

    For Sale
    $242,000

    Prime Springfield land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8.72-acre parcel, located at 2301 Duquesne Drive in Springfield, Ohio, presents a compelling investment opportunity. The property, encompassing 379,843.2 square feet, is currently zoned R-1 within Springfield Township. A significant advantage lies in its proximity to adjacent parcels zoned O-2 and R-5, opening doors to potential rezoning and a wider range of development possibilities. The site boasts a substantial paved pad, a legacy of previous commercial use, providing a ready-made foundation for various projects, minimizing initial site preparation costs. This feature significantly reduces the time and expense associated with groundworks, making it attractive to developers seeking a swift project commencement. Furthermore, the property benefits from its location on a township-maintained road, ensuring convenient access and consistent upkeep of the surrounding infrastructure. The asking price for this strategically located and well-prepared land is $242,000. This property's combination of size, zoning potential, existing infrastructure, and convenient location makes it an attractive proposition for developers and investors seeking a foothold in the Springfield, Ohio market. The zip code is 45506.

    Property Features for 2301 Duquesne Dr

    General Information

    Property type
    Land

    HighLights

    • 8.72‑acre parcel (379,843.2 sq ft) at 2301 Duquesne Drive, Springfield, OH 45506.
    • Currently zoned R‑1, with adjacent O‑2 and R‑5 zoning offering rezoning potential.
    • Features a large existing paved pad, minimizing site preparation costs.
    • Located on a township‑maintained road, ensuring convenient access.
    • Priced at $242,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.8393267
    Latitude
    39.8990242

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    FAQs

    What type of property is this?
    Land - Prime Springfield land, ideal for development.
    Where is this land located?
    The property is located at 2301 Duquesne Dr Springfield, OH.
    What is the asking price?
    The asking price for this property is $242,000.
    What are key features of this property?
    This property features: 8.72-acre parcel (379,843.2 sq ft) at 2301 Duquesne Drive, Springfield, OH 45506.; Currently zoned R-1, with adjacent O-2 and R-5 zoning offering rezoning potential.; Features a large existing paved pad, minimizing site preparation costs.
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    2301 Duquesne Dr Springfield, OH 45506
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    Springfield, OH 45506
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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
    2301 Duquesne Dr Springfield, OH 45506
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