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    1949 Hebron Rd Heath, OH 43056

    For Sale
    $7,500,000

    88 Acres, Hebron Road, Ohio

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 88-acre commercial land parcel, located at 1949 Hebron Road SE in Heath, Ohio (zip code 43056), presents a unique investment opportunity. The property boasts a substantial 3,865,514.4 square feet of land zoned for commercial development, offering significant potential for a wide range of projects. Its prime location on Hebron Road ensures high visibility and accessibility. The property's APN is 080-330294-00.000. Historically, the site was home to a drive-in movie theater, suggesting a rich history and potential for redevelopment that capitalizes on its unique past. This expansive lot provides ample space for large-scale commercial ventures, offering developers a blank canvas to create a thriving business hub. The property's location in Licking County, Ohio, provides access to a robust infrastructure and a growing community. Serious inquiries are encouraged to explore the possibilities of this significant commercial land offering. The asking price for this exceptional property is $7,500,000. This represents a compelling investment opportunity for developers seeking a large-scale project in a desirable location.

    Property Features for 1949 Hebron Rd

    General Information

    Property type
    Land

    HighLights

    • $7,500,000 asking price.
    • 3,865,514.4 square foot land parcel.
    • Commercially zoned.
    • Located at 1949 Hebron Road SE, Heath, OH 43056 (APN: 080‑330294‑00.000).
    • 88‑acre site, previously a drive‑in movie theater.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Auto Parts Store HVAC Service Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Heath
    County
    Licking
    State
    Ohio
    Longitude
    -82.4683045
    Latitude
    40.0012134

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    FAQs

    What type of property is this?
    Land - 88 Acres, Hebron Road, Ohio
    Where is this land located?
    The property is located at 1949 Hebron Rd Heath, OH.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: $7,500,000 asking price.; 3,865,514.4 square foot land parcel.; Commercially zoned.
    Request Owner's contact information
    1949 Hebron Rd Heath, OH 43056
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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
    1949 Hebron Rd Heath, OH 43056
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