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    OFF-MARKET
    Land

    0 High St, Springfield, OH 45506

    2.85 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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