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    8824 Morse Rd Pataskala, OH 43062

    For Sale
    $4,000,000

    32 Acres, Prime Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 31.83-acre industrial land parcel in Pataskala, Ohio, presents a compelling investment opportunity. Currently zoned Agricultural and operating as an equestrian facility, this property boasts significant road frontage (626 feet) along Morse Road in Licking County (zip code 43062). Its strategic location offers unparalleled access to major transportation arteries, including less than half a mile from Hazelton Etna Road (Route 310), two miles from Route 161, and under seven miles from the Intel facility. The property's future land use map designates it for manufacturing, aligning with the nearby Worthington Road Commercial Overlay District, where similar properties have successfully transitioned to commercial zoning. Adding to its appeal, the property includes a one-bedroom, one-bathroom home with a detached garage, generating rental income. A high-capacity water well (30 gallons per minute) further enhances its value. The existing equestrian facility also presents a potential income stream prior to any development. This property offers a unique blend of immediate income potential and significant long-term development upside in a rapidly growing area. The asking price is $4,000,000.

    Property Features for 8824 Morse Rd

    General Information

    Property type
    Land
    Lot Size
    1,386,515 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bookmark Farms Horse Riding School

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Food Market Storage Facility Electrical Service Garden Center Car Rental Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Pataskala
    County
    Licking
    State
    Ohio
    Longitude
    -82.6572269
    Latitude
    40.0601785

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    FAQs

    What type of property is this?
    Land - 32 Acres, Prime Location, High Potential
    Where is this land located?
    The property is located at 8824 Morse Rd Pataskala, OH.
    What is the asking price?
    The asking price for this property is $4,000,000.
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    Pataskala, OH 43062
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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
    8824 Morse Rd Pataskala, OH 43062
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