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    Hill Rd Canal Winchester, OH 43110

    Sponsored
    For Sale
    $3,452,000

    25 Acres, Entitled Senior Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 25.87-acre parcel in Canal Winchester, Ohio, presents a prime development opportunity. Zoned Planned Residential District (PRD), it's already entitled for the construction of 44 detached units and a senior living facility, making it ideal for a senior housing development. The property's strategic location offers significant advantages. It's situated near hundreds of new homes and apartments, ensuring a strong resident base and vibrant community. Proximity to Diley Ridge Medical Center (Mount Carmel) and a Meijer store provides residents with convenient access to healthcare and daily necessities. Furthermore, its location within one mile of the US-33/Diley Road interchange ensures easy access to major transportation routes. The site boasts all utilities in close proximity, simplifying the development process. Less than 20 minutes from Downtown Columbus, this location offers residents convenient access to the city's amenities while maintaining a tranquil suburban setting. The APN is 0420388510. This is a rare opportunity to develop a thriving senior housing community in a high-demand area. The asking price is $3,452,000.

    Property Features for 0 Hill Rd

    General Information

    Property type
    Land
    Lot Size
    1,126,897 SF

    HighLights

    • $3,452,000 asking price for 25.87 acres of land.
    • Planned Residential District (PRD) zoning in Canal Winchester, OH.
    • Entitled for 44 detached units and a senior living facility.
    • Utilities readily accessible.
    • Excellent location near new residential, Diley Ridge Medical Center, and Meijer.
    • Less than one mile from US‑33/Diley Road interchange.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Canal Winchester
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.7786111
    Latitude
    39.8441667

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    FAQs

    What type of property is this?
    Land - 25 Acres, Entitled Senior Development
    Where is this land located?
    The property is located at Hill Rd Canal Winchester, OH.
    What is the asking price?
    The asking price for this property is $3,452,000.
    What are key features of this property?
    This property features: $3,452,000 asking price for 25.87 acres of land.; Planned Residential District (PRD) zoning in Canal Winchester, OH.; Entitled for 44 detached units and a senior living facility.
    Request Owner's contact information
    Hill Rd Canal Winchester, OH 43110
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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
    Hill Rd Canal Winchester, OH 43110
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