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    661 State Rd London, OH 43140

    For Sale
    $11,500,000

    8.5M SF Multi-Use Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8,579,142 square foot property, located at 661 State Rd 38 in London, Ohio, presents a unique investment opportunity. Situated at a signalized intersection on the southeast corner of State Route 38 and US-40, this 5th generation farm boasts a highly desirable C-2 zoning designation, allowing for a wide range of commercial and industrial uses. The property's strategic location offers unparalleled access to major transportation arteries, with Interstate 70 less than five miles in either direction, ensuring excellent connectivity and logistical advantages. All utilities are available on-site, with sewer connection anticipated by late 2026 or early 2027. The asking price for this expansive parcel is $11,500,000. Given its size, location, and zoning, this property is ideally suited for large-scale development projects, offering significant potential for substantial returns. The property's versatility allows for a multitude of development options, from warehousing and industrial facilities to multifamily residential complexes or commercial ventures. This is a rare opportunity to acquire a significant land holding in a rapidly growing area with excellent infrastructure and access to major transportation networks. The property's potential is limited only by the imagination of the developer. Contact us today to learn more about this exceptional investment opportunity.

    Property Features for 661 State Rd

    General Information

    Property type
    Multifamily properties

    HighLights

    • 8,579,142 SF land parcel in London, OH, listed at $11,500,000.
    • Located at the signalized intersection of State Route 38 and US‑40.
    • C‑2 zoning allows for diverse commercial and industrial uses.
    • Excellent access to I‑70 (within 5 miles).
    • All utilities available on‑site; sewer connection expected by early 2027.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    London
    County
    Madison
    State
    Ohio
    Longitude
    -83.44703
    Latitude
    39.930822

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    FAQs

    What type of property is this?
    Multifamily property - 8.5M SF Multi-Use Development Opportunity
    Where is this multifamily property located?
    The property is located at 661 State Rd London, OH.
    What is the asking price?
    The asking price for this property is $11,500,000.
    What are key features of this property?
    This property features: 8,579,142 SF land parcel in London, OH, listed at $11,500,000.; Located at the signalized intersection of State Route 38 and US-40.; C-2 zoning allows for diverse commercial and industrial uses.
    Request Owner's contact information
    661 State Rd London, OH 43140
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    London, OH 43140
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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
    661 State Rd London, OH 43140
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