Property profile

0 High St Springfield, OH 45506

OFF-MARKET
Land
2.85 ac lot
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Property summary

AI-generated overview

This 2.846-acre development site in Springfield, Ohio, presents a unique investment opportunity. Located in the heart of downtown, within the Downtown Vision Plan, this property boasts a prime location at the signalized intersection of W. High Street and S. Wittenberg Avenue. Zoned Neighborhood Commercial District (CN-2), it allows for diverse uses including retail, residential, recreational, and industrial development. All utilities are available. The site benefits from excellent accessibility, situated just two blocks south of US-40 and 2.5 miles north of I-70, ensuring high visibility and convenient access. The property's potential is further enhanced by the possibility of city, county, and state incentives, details of which can be found at www.expandgreaterspringfield.com/site-selection/incentives. This is an exceptional chance to contribute to Springfield's revitalization and capitalize on a thriving downtown area. The parcel includes APNs 3400700034106001 and 3400700034106002. Asking price is $599,000.

Property profile

Verified
Property type Land
Lot 2.85 ac (123,972 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

High St Springfield, OH 45506
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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