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    8540 East Pike Norwich, OH 43767

    Sponsored
    For Sale
    $1,750,000

    High-traffic I-70/US 40 location, 9,229 SF

    Property size:
    9,229 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional commercial property, located at 8540 East Pike in Norwich, Ohio, presents a unique investment opportunity. Boasting a substantial 9,229 square feet of space, the property sits on a generous 5.11-acre lot (222,591.6 sq ft) at the strategic intersection of I-70 Exit 164 and US 40. Benefit from unparalleled visibility with 377 feet of frontage on US 40 and 367 feet on I-70, enjoying high daily traffic counts of 43,832 on I-70 and 7,336 on US 40. Currently configured as retail and warehouse space in two buildings, this property offers significant potential for various enterprises. The property includes 25 parking spaces and features a larger septic system, allowing for future expansion. Phase 3 electric is readily available. The APN is 51-50-11-06-000. Built in 1978, this property is priced at $1,750,000 and presents a compelling opportunity for businesses seeking high visibility and convenient interstate access. The location is approximately halfway between New Concord and Zanesville, Ohio.

    Property Features for 8540 East Pike

    General Information

    Property type
    Specialty properties
    Square Feet
    9,229 SF

    Building Details

    Year Built
    1978

    HighLights

    • $1,750,000 asking price.
    • 9,229 square foot special purpose property.
    • 1978 year built.
    • 222,591.6 square foot lot.
    • 25 parking spaces.
    • 5.11‑acre site at I‑70 Exit 164 and US 40, offering high visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Auto Repair Shop Hotel & Motel Kitchen & Bath Garden Center Discount Store Furniture Store Convenience Store Pawn Shop Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    Muskingum
    State
    Ohio
    Longitude
    -81.8288831
    Latitude
    39.9745343

    Nearby Comparable

    • $1,750,000
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      High-Visibility I-70 Commercial Property

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      Zanesville Mixed-Use Commercial Site

      High-traffic location, 1.25 acres, ready to develop.
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    Nearby Similar for Sale

    • $1,750,000
      9,229 SF

      High-Visibility I-70 Commercial Property

      Prime location, high traffic, mixed-use potential.
      8540 East Pike, Norwich, OH 43767
      View Details

    FAQs

    What type of property is this?
    Specialty property - High-traffic I-70/US 40 location, 9,229 SF
    Where is this specialty property located?
    The property is located at 8540 East Pike Norwich, OH.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: $1,750,000 asking price.; 9,229 square foot special purpose property.; 1978 year built.
    Request Owner's contact information
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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
    8540 East Pike Norwich, OH 43767
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