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Prime Land Near Business Park
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1345 Legend Lane, Alexandria, OH 43001

124-acre tract near New Albany International Business Park.

Property SizeContact for details
Lot Size124.00 Acres
Days on Market865

Property Features for 1345 Legend Lane

General Information

Standard status Active
Lot size 124.00 Acres
Property subtype Land, Industrial
Net Operating Income $30,000

Building Details

Year Built 2001
Year Renovated 2016
Listing Agency: Forman Realtors
Listed By: Mike Forman · License #0700211181
Source: Crexi
Added: Apr 10, 2024 Changed: Aug 17 Last Checked: Aug 20 at 6:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Forman Realtors

Investment Insights

Based on property information with market context.

This 124-acre tract presents an investment opportunity, situated 5 miles southeast of the expanding New Albany International Business Park. The property features 3,926 feet of frontage along the north side of State Route 161, east of Route 310. A 16-inch waterline is accessible on Jersey Mill Road at the northwest corner of the site. A new 3-million-gallon-per-day sewer plant is planned directly east of the property and is currently in the design phase. The upcoming six-lane expansion of State Route 161 will not require additional land from this parcel. Recent acquisitions in the area include multiple medical companies to the west, indicating regional growth. The seller is considering a single-investor buy-in opportunity.

Key Highlights

  • Prime location, just 5 miles from New Albany International Business Park
  • Boasts 3,926 feet of frontage on State Route 161
  • No land will be impacted by State Route 161 expansion

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Auto Repair Shop HVAC Service Plumbing Service Storage Facility Pharmacy Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

81
Businesses Nearby

Demographics for 43001, OH

2,705
Population
1,195
Households
2.3
Avg Household Size
44
Median Age
32%
College-Educated
98%
High-School Grad
29.3 sq mi
ZIP Area
92
Density / Sq Mi
$84,107
Median Household Income
$48,365
Median Earnings
$1,213
Median Rent
$343,100
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial land - 124-acre tract near New Albany International Business Park.
Where is this industrial land located?
The property is located at 1345 Legend Lane Alexandria, OH.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Prime location, just 5 miles from New Albany International Business Park; Boasts 3,926 feet of frontage on State Route 161; No land will be impacted by State Route 161 expansion
(614) 332-0746 Call to check price and availability
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