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    5999 Oh-122 Middletown, OH 45005

    For Sale
    $650,000

    51-Acre Mixed-Use Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 51.07-acre commercial land parcel presents a prime development opportunity in Middletown, Ohio. Strategically located at the intersection of Union Road and State Route 122, this site boasts unparalleled visibility and accessibility, situated on the east side of I-75, easily accessible from exit 122. The property is ideally suited for a mixed-use development, encompassing medical office, hospitality, retail, quick-service restaurant (QSR), and full-service restaurant options. Lots are available in various sizes to accommodate diverse development needs. The location benefits from proximity to major medical facilities, including Atrium Hospital (north across State Route 122) and Kettering Medical Center Middletown (west across Union Road). This presents a unique chance to capitalize on the growing healthcare sector and the high traffic volume generated by I-75. The asking price is $650,000 - $900,000 per acre, with the total acreage sold in increments. This is a rare opportunity to acquire a significant tract of land in a thriving location with excellent potential for substantial return on investment. The property's address is 5999 OH-122, Middletown, OH 45005. This development is poised to become a significant landmark in the area.

    Property Features for 5999 Oh-122

    General Information

    Property type
    Land

    HighLights

    • 51.07‑acre prime development site at Union Rd & SR 122 (east of I‑75, Middletown exit).
    • Development opportunities include medical office, hospitality, retail, QSR, and full‑service restaurants.
    • Adjacent to Atrium Hospital and Kettering Medical Center Middletown.
    • Priced from $650,000 to $900,000 per acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Middletown
    County
    Warren
    State
    Ohio
    Longitude
    -84.316718
    Latitude
    39.492992

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    FAQs

    What type of property is this?
    Land - 51-Acre Mixed-Use Development Site
    Where is this land located?
    The property is located at 5999 Oh-122 Middletown, OH.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 51.07-acre prime development site at Union Rd & SR 122 (east of I-75, Middletown exit).; Development opportunities include medical office, hospitality, retail, QSR, and full-service restaurants.; Adjacent to Atrium Hospital and Kettering Medical Center Middletown.
    Request Owner's contact information
    5999 Oh-122 Middletown, OH 45005
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    Middletown, OH 45005
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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
    5999 Oh-122 Middletown, OH 45005
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