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    8824/8826 Morse Rd Pataskala, OH 43062

    Sponsored
    For Sale
    $4,000,000

    32-Acre Ohio Commercial Land, Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 31.9-acre property, located at 8824/8826 Morse Road SW in Pataskala, Ohio (zip code 43062), presents a compelling investment opportunity. Boasting 626 feet of road frontage, the land is currently zoned agricultural and operates as an equestrian facility, generating rental income from a one-bedroom, one-bathroom home with a detached garage. A high-capacity water well (30 gallons per minute) is also on-site. The property's strategic location offers significant potential. It's less than half a mile from Hazelton Etna Road (Route 310), two miles from Route 161, and under seven miles from the Intel facility. The Worthington Road Commercial Overlay District is adjacent to Route 310, and nearby properties have successfully transitioned to commercial zoning. The St. Albans Township Future Land Use map designates this area as ideal for manufacturing. Built in 1900 and renovated in 2015, this expansive 1,386,514.8 square foot lot offers significant flexibility for future development, with the existing equestrian facility providing immediate rental income potential. The asking price is $4,000,000. This property is a rare combination of immediate income generation and high-growth potential in a rapidly developing area.

    Property Features for 8824/8826 Morse Rd

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built/Renovated
    1900/2015

    HighLights

    • 31.9‑acre property in Pataskala, OH (43062), listed at $4,000,000.
    • 626 feet of road frontage on Morse Road SW.
    • Currently zoned agricultural, operating as an equestrian facility with a 1‑bed/1‑bath rental home and detached garage.
    • High‑capacity water well (30 GPM) on‑site.
    • Excellent location near major roadways (Route 310, Route 161) and Intel facility.
    • Adjacent to commercial overlay district with potential for zoning change.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Food Market Storage Facility Electrical Service Garden Center Car Rental Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Pataskala
    County
    Licking
    State
    Ohio
    Longitude
    -82.6576275
    Latitude
    40.0579772

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    FAQs

    What type of property is this?
    Distribution property - 32-Acre Ohio Commercial Land, Investment Opportunity
    Where is this distribution property located?
    The property is located at 8824/8826 Morse Rd Pataskala, OH.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 31.9-acre property in Pataskala, OH (43062), listed at $4,000,000.; 626 feet of road frontage on Morse Road SW.; Currently zoned agricultural, operating as an equestrian facility with a 1-bed/1-bath rental home and detached garage.
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    8824/8826 Morse Rd Pataskala, OH 43062
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    Pataskala, OH 43062
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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
    8824/8826 Morse Rd Pataskala, OH 43062
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