Hill Rd Canal Winchester, OH 43110
- Land
- 25.87 lot acres
Current Use by Public Records
- Land
Property Details for 0 Hill Rd
- Lot size
- 25.87 lot acres
- Property type
- Land
Description
This exceptional 25.87-acre parcel presents a remarkable opportunity for developing senior housing in the thriving Canal Winchester area. Currently zoned Planned Residential District (PRD), this land is fully entitled for the construction of 44 detached independent living units and an assisted living facility, making it a turnkey project for developers. The site boasts convenient access to all essential utilities, significantly reducing development complexities and timelines. Its strategic location offers unparalleled advantages, situated adjacent to hundreds of recently constructed homes and apartments, ensuring a robust and established residential community. Furthermore, its proximity to Diley Ridge Medical Center (Mount Carmel) and a Meijer store provides residents with easy access to healthcare and everyday amenities. The property's location within one mile of the US-33/Diley Road interchange ensures excellent connectivity to major transportation routes, while still being less than 20 minutes from the vibrancy of Downtown Columbus. This combination of prime location, existing entitlements, and readily available utilities makes this a truly exceptional investment opportunity for those seeking to capitalize on the growing demand for senior living accommodations in a desirable and well-connected Ohio community. The asking price for this exceptional development opportunity is $3,452,000. This land offers a unique chance to build a thriving senior living community in a rapidly expanding area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Canal Winchester
- County
- Fairfield
- State
- Ohio
- Longitude
- -82.7727
- Latitude
- 39.8495
