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    123 And I-71 Lebanon, OH 45036

    Sponsored
    For Sale
    Contact for pricing

    Highly versatile land, ideal for mixed-use development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional property, located at the intersection of State Route 123 and I-71 in Lebanon, Ohio (zip code 45036), offers a unique opportunity for diverse development. The expansive land parcel totals between 19 and 115 acres, providing significant flexibility for various projects. The permitted zoning allows for a blend of commercial, industrial, and residential uses. Specifically, the B-2 zoning permits retail development, I-1 zoning allows for light industrial uses, and R-1A zoning enables residential construction. This strategic location provides excellent visibility and accessibility, benefiting from the high traffic volume of both State Route 123 and Interstate 71. The acreage breakdown offers options for tailored development: 19 acres are suitable for retail ventures, 39 acres are designated for light industrial projects, and up to 115 acres are available for residential or commercial development, depending on the chosen plan. This presents a rare chance to create a thriving mixed-use community or a large-scale industrial park in a rapidly growing area of Warren County. Serious inquiries are encouraged to explore the full potential of this significant land offering.

    Property Features for 123 And I-71

    General Information

    Property type
    Land
    Lot Size
    827,640 SF

    HighLights

    • 19‑acre retail site.
    • 39‑acre industrial parcel.
    • 115‑acre tract suitable for residential or commercial development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lebanon
    County
    Warren
    State
    Ohio
    Longitude
    -84.1841109
    Latitude
    39.4287186

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    FAQs

    What type of property is this?
    Land - Highly versatile land, ideal for mixed-use development.
    Where is this land located?
    The property is located at 123 And I-71 Lebanon, OH.
    What are key features of this property?
    This property features: 19-acre retail site.; 39-acre industrial parcel.; 115-acre tract suitable for residential or commercial development.
    Request Owner's contact information
    123 And I-71 Lebanon, OH 45036
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    Lebanon, OH 45036
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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
    123 And I-71 Lebanon, OH 45036
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