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    London-Groveport Rd Columbus, OH 43217

    Sponsored
    For Sale
    $395,000

    0.85 Acres, PUD Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.85-acre development parcel is situated at the highly visible intersection of London-Groveport Road and Alum Creek Drive in Columbus, Ohio, within Franklin County. Zoned Planned Unit Development (PUD), this property offers a unique opportunity for mixed-use development, including retail, office, or multifamily projects. A conceptual plan supports a 4,500 square foot building. All utilities are available on-site. The location within the Rickenbacker Global Logistics Park, a thriving 382-acre industrial park boasting over 80 million square feet of distribution space and 12,000+ employees, provides unparalleled access to a large workforce and significant consumer base. Its proximity to Rickenbacker International Airport and the Norfolk Southern Intermodal Terminal further enhances its strategic value. The high-traffic signalized intersection offers 550 feet of frontage, experiencing 21,744 vehicles daily, ensuring exceptional visibility and accessibility. Adjacent to a residential community with 500 units and over 1,000 residents, this property presents a compelling investment opportunity in a rapidly growing commercial hub with a notable lack of retail options. The property's APN is 180-005004. Asking price is $395,000.

    Property Features for 0 London-Groveport Rd

    General Information

    Property type
    Land
    Lot Size
    37,026 SF

    HighLights

    • 0.85‑acre development parcel.
    • PUD zoning allows multifamily, retail, or office development.
    • Conceptual plan for a 4,500 SF building.
    • All utilities on‑site.
    • Located in Rickenbacker Global Logistics Park (382 acres, 80M+ SF distribution space, 12,000+ employees).
    • Adjacent to Rickenbacker International Airport and Norfolk Southern Intermodal Terminal.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.93405582211
    Latitude
    39.830045396406

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    FAQs

    What type of property is this?
    Land - 0.85 Acres, PUD Zoning, High Traffic
    Where is this land located?
    The property is located at London-Groveport Rd Columbus, OH.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 0.85-acre development parcel.; PUD zoning allows multifamily, retail, or office development.; Conceptual plan for a 4,500 SF building.
    (614) 629-5261
    Request Owner's contact information
    London-Groveport Rd Columbus, OH 43217
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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
    London-Groveport Rd Columbus, OH 43217
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