0 Johnson Rd Raymond, OH 43040
This exceptional 1,810,353.6 square foot property located at 0 Johnson Road, Marysville, Ohio 43040, presents a unique investment opportunity. Currently utilized as farmland, the property boasts two existing leases; one agricultural lease is set to expire on April 30th, 2023. Detailed lease information is available upon request with proof of funds. The property is zoned commercial, offering significant flexibility for future development. A compelling aspect is its potential for residential conversion. According to the zoning code, the land could be subdivided into five residential lots, each capable of supporting a single dwelling unit, without requiring a variance. This presents a clear path for diverse development strategies, catering to both agricultural and residential interests. The asking price for this expansive tract of land is $1,600,000. Situated in Union County, this property offers easy access to Marysville and surrounding areas. Serious inquiries only, please provide proof of funds for lease details.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.