Hoover Rd Grove City, OH 43123
- Land
- 2.50 lot acres
Current Use by Public Records
- Land
Property Details for 0 Hoover Rd
- Lot size
- 2.50 lot acres
- Property type
- Land
Description
This exceptional 2.5-acre development site in Grove City, Ohio, presents a unique investment opportunity. Located on Hoover Road, just north of Route 665, this high-profile outlot benefits from its strategic position between the Mt. Carmel Medical Campus and the Route 665 retail/commercial corridor. The property enjoys excellent visibility and proximity to numerous medical practices, including Balanced Family Academy and Grove City Smiles & Grove Pediatric Dentistry. Its adjacency to a thriving commercial corridor featuring national retailers like Kroger, Meijer, CVS, Starbucks, and more, ensures high traffic and consumer accessibility. Furthermore, this site is situated next to a new 384-unit multi-family project currently under construction, and near several established apartment communities, indicating strong residential growth in the area. The property's location offers easy access to bike paths and proposed nature preserves, adding to its appeal. This location also benefits from a high-density employment area encompassing medical, logistics, and manufacturing industries, and is less than 30 minutes from the new EV plant, accessible via I-71. Local distribution centers such as Amazon, Gap, FedEx, and T. Marzetti further enhance the area's economic vitality. The property also includes a significant 15-year, 100% tax abatement on improvements, making it an even more attractive investment. The asking price is $1,375,000.
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
- Grove City
- County
- Franklin
- State
- Ohio
- Longitude
- -83.0721
- Latitude
- 39.8449
