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    5424 Bixby Rd Canal Winchester, OH 43110

    For Sale
    $7,952,400

    39+ Acres, Redevelopment Potential, $200K/Acre

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 39.762-acre property, located at 5424 Bixby Rd in Canal Winchester, Ohio (Franklin County, zip code 43110), presents a unique redevelopment opportunity. Currently zoned R - Rural, this expansive parcel offers significant potential for various uses. The land is priced at $200,000 per acre, totaling an asking price of $7,952,400. While an existing ranch-style home sits on one portion of the land, the sale is focused on the land value itself. The property's strategic location offers easy access to major transportation arteries, including US-33, providing convenient commutes to both Downtown Columbus (approximately 20 minutes away) and the vibrant Canal Winchester area. The property's proximity to established retail centers, such as Home Depot and Kroger, further enhances its appeal. The APN is 185-002601. This prime farmland presents a compelling investment opportunity for developers seeking a substantial land holding in a rapidly growing area. The property is situated near the Groveport corporation limit, adding to its development potential. This is a rare chance to acquire a large tract of land with excellent access and visibility in a desirable location. Serious inquiries only.

    Property Features for 5424 Bixby Rd

    General Information

    Property type
    Farms
    Lot Size
    1,732,033 SF

    HighLights

    • 20‑minute commute to Downtown Columbus.
    • Convenient access to major highways.
    • Proximity to major retailers like Home Depot and Kroger.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Wholesale Shop Hair Salon Gym & Fitness Kitchen & Bath Storage Facility Garden Center Electrical Service Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Canal Winchester
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8594771
    Latitude
    39.8711008

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    FAQs

    What type of property is this?
    Farm - 39+ Acres, Redevelopment Potential, $200K/Acre
    Where is this farm located?
    The property is located at 5424 Bixby Rd Canal Winchester, OH.
    What is the asking price?
    The asking price for this property is $7,952,400.
    What are key features of this property?
    This property features: 20-minute commute to Downtown Columbus.; Convenient access to major highways.; Proximity to major retailers like Home Depot and Kroger.
    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
    5424 Bixby Rd Canal Winchester, OH 43110
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