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    1345 Legend Lane Rd Alexandria, OH 43001

    Sponsored
    For Sale
    $14,250,000

    123-Acre Ohio Commercial/Residential Tract

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 123-acre property, located at 1345 Legend Lane in Alexandria, Ohio (zip code 43001), presents a unique investment opportunity. Boasting a substantial 5,400,133.2 square foot lot, this land offers significant potential for diverse development. Built in 2001 and renovated in 2016, the property enjoys a prime location approximately five miles southeast of the New Albany International Business Park. Its strategic positioning along the north side of State Route 161 (with 3,926 feet of frontage) and proximity to Route 310 provides excellent accessibility. Route 310 provides access to Legend Lane and beyond. Utilities are readily available in the area. Recent acquisitions in the vicinity include medical facilities, indicating a strong and growing market. The property's zoning allows for commercial, warehouse, and residential uses, making it suitable for a variety of development projects. The seller is open to considering joint ventures, presenting a flexible approach to acquisition. This expansive tract offers a compelling opportunity for investors seeking significant land holdings in a thriving Ohio location. The property's size, location, and versatility make it an attractive prospect for both large-scale and smaller developments.

    Property Features for 1345 Legend Lane Rd

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built/Renovated
    2001/2016

    HighLights

    • 123‑acre property at 1345 Legend Lane, Alexandria, OH 43001.
    • 5,400,133.2 sq ft lot with significant development potential.
    • Built in 2001, renovated in 2016, located five miles southeast of New Albany International Business Park.
    • 3,926 feet of frontage on State Route 161, excellent access to Route 310.
    • Utilities available; zoning allows commercial, warehouse, and residential uses.
    • Seller open to joint ventures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Licking
    State
    Ohio
    Longitude
    -82.647822
    Latitude
    40.078512

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    FAQs

    What type of property is this?
    Distribution property - 123-Acre Ohio Commercial/Residential Tract
    Where is this distribution property located?
    The property is located at 1345 Legend Lane Rd Alexandria, OH.
    What is the asking price?
    The asking price for this property is $14,250,000.
    What are key features of this property?
    This property features: 123-acre property at 1345 Legend Lane, Alexandria, OH 43001.; 5,400,133.2 sq ft lot with significant development potential.; Built in 2001, renovated in 2016, located five miles southeast of New Albany International Business Park.
    Request Owner's contact information
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    Alexandria, OH 43001
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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
    1345 Legend Lane Rd Alexandria, OH 43001
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