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    OFF-MARKET
    Land

    5280-3 Kings Mills Rd, Mason, OH 45040

    2.12 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.12-acre commercial land parcel presents a prime development opportunity in Mason, Ohio. Located at 5280-3 Kings Mills Road (SR 741), this pad-ready site boasts a highly desirable location, shadow-anchored by a Kroger grocery store. The property, identified by APN 16-24-203-001, is situated in a rapidly growing area with strong demographics, making it ideal for retail or multifamily development. All utilities are readily available, simplifying the construction process. The asking price is $530,000, translating to approximately $250,000 per acre. This represents a compelling investment in a thriving market. The property's convenient proximity to Interstate 71 (less than a quarter-mile away) ensures excellent accessibility and visibility. Additional parcels of similar size are also available for purchase. This is a rare chance to acquire a strategically located land parcel poised for significant appreciation. The property is zoned for commercial use and offers a unique opportunity for investors seeking high-growth potential in a well-established community.

    Property profile
    Verified
    Property type Land
    Lot 2.12 ac (92,347 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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