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    1060 Watkins Rd Alexandria, OH 43001

    Sponsored
    For Sale
    $3,700,000

    Picturesque Ohio farm, ideal for family or development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 28.8-acre property, located at 1060 S Watkins Road, Alexandria, OH 43001, presents a unique opportunity. The land encompasses a charming three-bedroom, two-and-a-half-bathroom home built in 1979, featuring an eat-in kitchen, dining room, family room, and a lower-level family room with a wood-burning stove. Recent updates include fresh paint and new carpeting and flooring throughout. Outdoor amenities include a wraparound porch, a newly poured patio with a new retaining wall, and a fire pit area perfect for gatherings. An attached two-car garage and a separate shed provide ample storage. The home's spacious layout is well-suited for both family living and entertaining. The expansive acreage includes wooded areas, a stream, and offers hunting opportunities. A portion of the land is currently leased to a neighboring farmer. The property's potential extends beyond its current use; it's well-suited for a family compound or could be developed into a subdivision. Alternative access points exist via old Route 161 and an established access point on Stonesthrow Drive, featuring a 40 x 60 foot covert with level #2 and level #54 gravel. The asking price for this remarkable property is $3,700,000. The lot size is 493,099.2 square feet. This property offers a blend of comfortable living and significant development potential in a beautiful, private setting.

    Property Features for 1060 Watkins Rd

    General Information

    Property type
    Farms

    Building Details

    Year Built
    1979

    HighLights

    • $3,700,000 asking price.
    • 28.8‑acre farm in Alexandria, OH.
    • 493,099.2 sq ft lot.
    • Existing 3‑bedroom, 2.5‑bathroom home with attached 2‑car garage and shed.
    • Wooded acreage with a stream, suitable for hunting and potential subdivision.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Wholesale Shop Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Licking
    State
    Ohio
    Longitude
    -82.645008
    Latitude
    40.0720787

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    FAQs

    What type of property is this?
    Farm - Picturesque Ohio farm, ideal for family or development.
    Where is this farm located?
    The property is located at 1060 Watkins Rd Alexandria, OH.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: $3,700,000 asking price.; 28.8-acre farm in Alexandria, OH.; 493,099.2 sq ft lot.
    Request Owner's contact information
    1060 Watkins Rd Alexandria, OH 43001
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    Alexandria, OH 43001
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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
    1060 Watkins Rd Alexandria, OH 43001
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