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    40 Hwy West Jefferson, OH 43162

    For Sale
    Contact for pricing

    65 Acres, Prime Development Site, Ohio

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 65-acre parcel presents a remarkable opportunity for commercial or industrial development in West Jefferson, Ohio. Strategically located at 0 U.S. Hwy 40, this property boasts a highly desirable location within Madison County, zip code 43162. Its convenient access to major roadways ensures seamless connectivity and efficient logistics. The land is already zoned within the Village of West Jefferson, eliminating potential zoning hurdles and expediting the development process. A significant advantage is its inclusion within an existing Community Reinvestment Area (CRA), potentially opening doors to attractive tax abatements, reducing development costs and enhancing overall project profitability. Utilities are readily accessible, simplifying infrastructure development. The property's size and zoning make it suitable for a wide range of commercial and industrial projects. Parcel number 16-00022.000 is clearly identified for easy identification and due diligence. This prime location and the existing infrastructure make this a truly exceptional investment opportunity. The property's coordinates are 39.9322799 latitude and -83.3148018 longitude. This is a rare chance to acquire a large, ready-to-develop site in a thriving Ohio community.

    Property Features for 40 Hwy

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    West Jefferson
    County
    Madison
    State
    Ohio
    Longitude
    -83.3148018
    Latitude
    39.9322799

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    FAQs

    What type of property is this?
    Land - 65 Acres, Prime Development Site, Ohio
    Where is this land located?
    The property is located at 40 Hwy West Jefferson, OH.
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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
    40 Hwy West Jefferson, OH 43162
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