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    Mixed-use properties

    Pike Pike Upper Valley Pike, Springfield, OH 45504

    7.92 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 7.92-acre property presents a remarkable investment opportunity in Springfield, Ohio. Comprising two parcels—one in German Township and one in Springfield Township—both have been annexed into the city limits. This strategic location offers significant development potential for a variety of uses. The Springfield Township parcel is currently zoned commercial, while the German Township parcel is zoned residential, providing flexibility for future planning. The property boasts convenient access to county utilities situated along Upper Valley Pike. The substantial acreage allows for a wide range of development possibilities, making it ideal for investors and developers seeking a prime location with significant upside. Prospective buyers should note that applications for any intended use must be submitted to the City of Springfield and the respective township zoning departments for approval. This is a rare chance to acquire a large, strategically located parcel in a growing area, ready for your vision. The existing zoning designations provide a solid foundation for various projects, from commercial ventures to residential developments. The availability of utilities simplifies the development process, reducing upfront costs and accelerating project timelines. Don't miss this chance to secure a significant land holding in a desirable location.

    Property profile
    Verified
    Property type Mixed-use properties
    Lot 7.92 ac (344,995 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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