Chillicothe, OH 45601
This exceptional 15.9-acre mixed-use land parcel in Chillicothe, Ohio, presents a compelling investment opportunity. Located in Green Township, Ross County, just north of Chillicothe, this shovel-ready site boasts prime visibility from US Route 23, a major thoroughfare connecting Columbus and Southern Ohio. The property offers easy access to Route 207 and North Bridge Street, enhancing its accessibility and logistical advantages. Potential uses are diverse, encompassing medical, office, light manufacturing, retail, and residential developments. Extensive due diligence has already been completed, including wetland and cultural studies, eliminating significant pre-development hurdles. The strategic location near Adena Regional Medical Center, a new Cohen orthopedic facility, Kenworth Truck plant, and PACAR Manufacturing, further underscores its potential for significant returns. This property benefits from its inclusion in Federal Trade Zone #138, Ross County Enterprise Zone #080 (with a potential 15-year tax abatement), and the Green Township Community Reinvestment Area (CRA). The site's potential for a pylon sign at Hospital Road adds to its marketing appeal. The area also offers job training programs, providing an additional incentive for potential developers. Priced at $1,192,500 ($1.47/sq ft land value), this property represents a rare opportunity to capitalize on a highly desirable location and a streamlined development process.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.