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    209-229 Winchester Cemetery Rd Canal Winchester, OH 43110

    For Sale
    $1,999,999

    Canal Winchester Retail Redevelopment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.63-acre storefront property at 209-229 Winchester Cemetery Rd, Canal Winchester, OH 43110, presents a compelling redevelopment opportunity. Boasting 157 feet of frontage on US 33, this multi-tenant retail space, built in 1990, offers unparalleled visibility and accessibility. The property benefits from a high-traffic location near major highways and busy intersections, with 28,000 cars passing daily on US 33. Its versatile nature makes it suitable for a variety of uses, including pet-related retail, healthcare facilities, auto shops, or hardware stores. A significant advantage is the proximity to a new 40,000 square foot OhioHealth medical campus, currently under construction directly across the street and slated to open in 2025, offering primary and emergency care services. This development will further enhance the property's value and attract a substantial customer base. The asking price is $1,999,999, making this a prime investment for owner-users seeking a high-growth area with significant future potential. This vibrant suburban location ensures strong visibility and a steady flow of potential customers, making it an ideal investment for long-term growth and profitability.

    Property Features for 209-229 Winchester Cemetery Rd

    General Information

    Property type
    Individual retail properties
    Lot Size
    71,003 SF

    Building Details

    Year Built
    1990

    HighLights

    • Prime location in vibrant Canal Winchester, OH suburb with excellent visibility and accessibility.
    • High‑traffic area with 28,000 vehicles daily passing on US 33.
    • 157 feet of frontage on US 33.
    • Versatile 1.63‑acre site suitable for various uses including pet retail, healthcare, auto repair, and hardware.
    • New 40,000 sq ft OhioHealth medical campus under construction across the street, opening in 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Canal Winchester
    County
    Franklin
    State
    Ohio
    Longitude
    -82.818474816284
    Latitude
    39.854827202132

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    FAQs

    What type of property is this?
    Individual retail property - Canal Winchester Retail Redevelopment
    Where is this individual retail property located?
    The property is located at 209-229 Winchester Cemetery Rd Canal Winchester, OH.
    What is the asking price?
    The asking price for this property is $1,999,999.
    What are key features of this property?
    This property features: Prime location in vibrant Canal Winchester, OH suburb with excellent visibility and accessibility.; High-traffic area with 28,000 vehicles daily passing on US 33.; 157 feet of frontage on US 33.
    Request Owner's contact information
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    Canal Winchester, OH 43110
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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
    209-229 Winchester Cemetery Rd Canal Winchester, OH 43110
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