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    1420 Home Acre Dr Columbus, OH 43229

    Sponsored
    For Sale
    $325,000

    Prime 1.5-acre commercial lot in Columbus, OH.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 1.5-acre commercial land parcel, located at 1420 Home Acre Dr, Columbus, Ohio 43229, presents a compelling investment opportunity. Priced at $325,000, this property boasts convenient access to I-270, placing it within easy reach of major transportation arteries. Its strategic location within a rapidly growing area of Columbus ensures high visibility and strong potential for future appreciation. The surrounding area is characterized by a high density of residents and established businesses, including prominent tenants such as Home Depot, McDonald's, Embassy Suites, and O'Charley's, indicating a robust and thriving commercial environment. The site is utility-ready, simplifying the development process and reducing upfront costs for potential buyers. This makes it ideal for a variety of commercial ventures, including but not limited to, the construction of a daycare center, self-storage facility, or other owner-user developments. The property's size and location offer significant flexibility for developers seeking to capitalize on the area's growth trajectory. This is a rare opportunity to acquire a well-situated commercial lot in a high-demand area of Columbus.

    Property Features for 1420 Home Acre Dr

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • Excellent redevelopment opportunity.
    • Ideal for owner‑user build‑out.
    • Suitable for various uses including daycare and self‑storage facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9514851
    Latitude
    40.0984397

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    FAQs

    What type of property is this?
    Land - Prime 1.5-acre commercial lot in Columbus, OH.
    Where is this land located?
    The property is located at 1420 Home Acre Dr Columbus, OH.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Excellent redevelopment opportunity.; Ideal for owner-user build-out.; Suitable for various uses including daycare and self-storage facilities.
    (614) 458-8238
    Request Owner's contact information
    1420 Home Acre Dr Columbus, OH 43229
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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
    1420 Home Acre Dr Columbus, OH 43229
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