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    1870 Harrison Rd Johnstown, OH 43031

    Sponsored
    For Sale
    $950,000

    7.83-acre wooded lot, ideal for commercial development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7.832-acre parcel of land, located at 1870 Harrison Road NW in Johnstown, Ohio, presents a unique investment opportunity. The property, built in 1991, boasts a total lot size of 341,074.8 square feet and is currently zoned residential. Its strategic location offers significant potential for future development. Surrounded by established businesses like GE and IPUD, and situated within New Albany's Limited Overlay District, this land is poised for rezoning to General Employment (GE). There's also an MUOD overlay in place, with Jersey Township potentially implementing an Industrial Overlay. Annexation into New Albany could unlock potential tax abatements. The property is well-suited for various uses, including commercial, light industrial, or office space, and even a single-use data center may be feasible. Existing utilities include electricity and gas. City water and sewer access would require annexation into New Albany, but these services, along with fiber optic capabilities, are conveniently located just north of the property along Innovation Campus. The land is level and wooded, offering a versatile canvas for development. While currently listed as 7.832 acres, there may be an opportunity to acquire additional acreage through assemblage. This prime location and flexible zoning potential make this a compelling investment prospect.

    Property Features for 1870 Harrison Rd

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1991

    HighLights

    • 7.832‑acre parcel at 1870 Harrison Road NW, Johnstown, OH.
    • 341,074.8 sq ft lot, currently residentially zoned.
    • Prime location near GE and IPUD, within New Albany's Limited Overlay District, potential for General Employment (GE) rezoning.
    • Potential for annexation into New Albany, unlocking tax abatements and city water/sewer access.
    • Suitable for commercial, light industrial, office, or data center development; level, wooded land.
    • Existing utilities include electricity and gas; fiber optic access nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Wholesale Shop Clothing Store Department Store Storage Facility Electrical Service Convenience Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnstown
    County
    Licking
    State
    Ohio
    Longitude
    -82.7329967
    Latitude
    40.0843965

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    FAQs

    What type of property is this?
    Distribution property - 7.83-acre wooded lot, ideal for commercial development.
    Where is this distribution property located?
    The property is located at 1870 Harrison Rd Johnstown, OH.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 7.832-acre parcel at 1870 Harrison Road NW, Johnstown, OH.; 341,074.8 sq ft lot, currently residentially zoned.; Prime location near GE and IPUD, within New Albany's Limited Overlay District, potential for General Employment (GE) rezoning.
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    Johnstown, OH 43031
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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
    1870 Harrison Rd Johnstown, OH 43031
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