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    109 Westland Mall Columbus, OH 43228

    Sponsored
    For Sale
    $1,500,000

    1.5-acre commercial lot, excellent visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.5-acre commercial land parcel, identified as Weston Outlot A (APN 140-007155-00), presents a remarkable development opportunity in Columbus, Ohio. Located at 109 Westland Mall, Columbus, OH 43228, this property boasts approximately 214 feet of frontage along West Broad Street, ensuring high visibility and accessibility. Pre-existing utilities are already in place, simplifying development plans. The site benefits from convenient access via an existing traffic signal, further enhancing its appeal. This outlot is part of a larger development project featuring four available parcels along West Broad Street, situated in front of the former Westland Mall site. The strategic location offers proximity to major thoroughfares, including the I-270 on/off ramps, guaranteeing high traffic volume and excellent exposure to potential customers. The area is also home to numerous established retailers, including Sheetz and Bob Evans, creating a vibrant and thriving commercial environment. Adding to its desirability, the Hollywood Casino is less than 0.8 miles away. The asking price is $1,500,000, reflecting a value of $1,000,000 per acre. The property is divisible, with pricing remaining at $1,000,000 per acre for smaller parcels. This prime location and the existing infrastructure make this an ideal site for a variety of commercial ventures. The former Westland Mall parking lot location provides a strong foundation for a successful development.

    Property Features for 109 Westland Mall

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑acre commercial land parcel in Columbus, OH (APN 140‑007155‑00), located at 109 Westland Mall, with 214 feet of West Broad Street frontage.
    • Pre‑existing utilities and traffic signal access.
    • Part of a larger development with four available parcels, near I‑270 on/off ramps.
    • High traffic volume location near Sheetz, Bob Evans, and Hollywood Casino.
    • Asking price: $1,500,000 ($1,000,000 per acre), divisible with same per‑acre pricing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.114828192639
    Latitude
    39.95254618026

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    FAQs

    What type of property is this?
    Land - 1.5-acre commercial lot, excellent visibility.
    Where is this land located?
    The property is located at 109 Westland Mall Columbus, OH.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 1.5-acre commercial land parcel in Columbus, OH (APN 140-007155-00), located at 109 Westland Mall, with 214 feet of West Broad Street frontage.; Pre-existing utilities and traffic signal access.; Part of a larger development with four available parcels, near I-270 on/off ramps.
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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
    109 Westland Mall Columbus, OH 43228
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