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    Worthington Rd Alexandria, OH 43001

    Sponsored
    For Sale
    $4,930,000

    1.8M SF Ohio Land - $4.93M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,878,742.8 square foot land parcel presents a rare development opportunity in Alexandria, Ohio. Strategically located just 1600 feet from State Route 161 and 375 feet from Route 310, this property boasts 1009 feet of frontage on Worthington Road. Its proximity to major tech companies like Intel, Meta, Google, Microsoft, and Amazon makes it highly desirable. The land is primarily clear, with some wooded areas, offering versatility for various development projects. Potential uses include estate properties, residential lots or homes, commercial buildings, or office spaces. Water access is available at the intersection of Route 310 and Worthington Road. The property is currently under an annual farming lease, which is cancellable. Prospective buyers should conduct due diligence to confirm rezoning requirements. Note that new deed restrictions will necessitate a small buffer zone along the western property line, adjacent to existing residential properties. This is a unique chance to acquire a substantial land holding in a rapidly growing area. The asking price for this significant property is $4,930,000.

    Property Features for 0 Worthington Rd

    General Information

    Property type
    Multifamily properties

    HighLights

    • 1,878,742.8‑square‑foot land parcel in Alexandria, Ohio.
    • Prime location: 1600 feet from State Route 161 and 375 feet from Route 310, with 1009 feet of frontage on Worthington Road.
    • Proximity to major tech companies (Intel, Meta, Google, Microsoft, Amazon).
    • Mostly clear land with some wooded areas, suitable for various developments (residential, commercial, office).
    • Water access available.
    • Currently under a cancellable annual farming lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Alexandria
    County
    Licking
    State
    Ohio
    Longitude
    -82.6159271
    Latitude
    40.0838419

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    FAQs

    What type of property is this?
    Multifamily property - 1.8M SF Ohio Land - $4.93M
    Where is this multifamily property located?
    The property is located at Worthington Rd Alexandria, OH.
    What is the asking price?
    The asking price for this property is $4,930,000.
    What are key features of this property?
    This property features: 1,878,742.8-square-foot land parcel in Alexandria, Ohio.; Prime location: 1600 feet from State Route 161 and 375 feet from Route 310, with 1009 feet of frontage on Worthington Road.; Proximity to major tech companies (Intel, Meta, Google, Microsoft, Amazon).
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    Worthington Rd Alexandria, OH 43001
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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
    Worthington Rd Alexandria, OH 43001
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