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    5875 Haughn Rd Grove City, OH 43123

    Sponsored
    For Sale
    $1,400,000

    Prime 5.33-acre lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 231,739.2 square foot commercial land parcel presents a remarkable investment opportunity in Grove City, Ohio, situated within the proposed Southwest Regional Medical and Innovation Gateway. Located at 5875 Haughn Road, zip code 43123, this 5.33-acre site is zoned for commercial development and offers significant potential for various uses. The property comes with city-approved blueprints for warehouse construction, which can be transferred to the new owner, streamlining the development process and saving valuable time and resources. Furthermore, a substantial 15-year, 85% tax abatement is available upon completion of new construction, significantly reducing the financial burden and enhancing the overall return on investment. This prime location in Franklin County, Ohio, offers excellent access to major transportation routes and a thriving business environment. The property's size and strategic location make it an ideal site for a variety of commercial ventures, from warehousing and distribution to light industrial uses. The approved blueprints and tax abatement incentives make this an unparalleled opportunity for investors seeking a high-return, low-risk investment in a rapidly growing area. Don't miss this chance to acquire a piece of prime commercial real estate in a dynamic and promising location. The asking price for this exceptional property is $1,400,000.

    Property Features for 5875 Haughn Rd

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Grove City
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0897304
    Latitude
    39.8458864

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    FAQs

    What type of property is this?
    Land - Prime 5.33-acre lot, ideal for development.
    Where is this land located?
    The property is located at 5875 Haughn Rd Grove City, OH.
    What is the asking price?
    The asking price for this property is $1,400,000.
    Request Owner's contact information
    5875 Haughn Rd Grove City, OH 43123
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    Grove City, OH 43123
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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
    5875 Haughn Rd Grove City, OH 43123
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