709 Deacon St Hebron, OH 43025
This exceptional 54,861 square foot special purpose property, located at 709 Deacon Street in Hebron, Ohio, presents a unique investment opportunity. Situated on a sprawling 9-acre lot (408,157.2 sq ft), this three-story building offers immense potential for adaptive reuse. Previously utilized as a school, the property boasts a wealth of existing features, including numerous classrooms, offices, restrooms, a full-service cafeteria, a commercial kitchen, and a gymnasium complete with a stage and seating. A handicap lift ensures accessibility throughout the building. The asking price is $495,000, translating to a price per square foot of $9.02. The property's substantial size and versatile layout make it ideally suited for a variety of uses, including but not limited to, a church, apartment complex, or office space. Its prime location in Hebron, Ohio (zip code 43025), within Licking County, offers convenient access to local amenities and transportation routes. This is a rare chance to acquire a large-scale property with significant upside potential, ready for its next chapter. The property's existing infrastructure significantly reduces the initial investment required for redevelopment, making it an attractive proposition for discerning investors seeking a high-return opportunity. The building's classic architecture and spacious layout provide a solid foundation for a variety of innovative and exciting projects.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.