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    315 Leffel Ln Springfield, OH 45505

    For Sale
    $400,000

    2-Acre Corner Lot, I-70 Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 2-acre commercial land parcel presents a unique investment opportunity in Springfield, Ohio. Strategically located on East Leffel Lane, this corner lot boasts unparalleled visibility due to its proximity to Interstate 70, ensuring high traffic exposure for any commercial venture. The asking price is $400,000. The property's location offers significant advantages for businesses seeking high visibility and convenient access for customers. Its adjacency to bustling Interstate hotels further enhances its appeal, creating a synergistic environment for complementary businesses. The expansive lot size provides ample space for a variety of commercial developments, including restaurants or retail establishments. This prime location in Clark County, Ohio, with its zip code 45505, offers a compelling combination of accessibility, visibility, and potential for significant return on investment. The property's central location within Springfield makes it easily accessible to a large customer base. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a thriving area. The land is classified as commercial and is ready for development. Consider the potential for high traffic volume and the proximity to established businesses when evaluating this exceptional opportunity.

    Property Features for 315 Leffel Ln

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • 2‑acre commercial lot for sale in Springfield, OH.
    • High‑visibility corner lot off I‑70, offering excellent freeway exposure.
    • Ideal location for restaurant or retail; adjacent to busy interstate hotels.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.807551248954
    Latitude
    39.894469764692

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    FAQs

    What type of property is this?
    Land - 2-Acre Corner Lot, I-70 Visibility
    Where is this land located?
    The property is located at 315 Leffel Ln Springfield, OH.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 2-acre commercial lot for sale in Springfield, OH.; High-visibility corner lot off I-70, offering excellent freeway exposure.; Ideal location for restaurant or retail; adjacent to busy interstate hotels.
    (216) 525-1476
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    315 Leffel Ln Springfield, OH 45505
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    Springfield, OH 45505
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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
    315 Leffel Ln Springfield, OH 45505
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