1720 Addison-New Carlisle Rd New Carlisle, OH 45344
This 0.87-acre lot in New Carlisle, Ohio, presents a remarkable commercial development opportunity. Located at the intersection of SR-235 and SR-571, this "Central Business" zoned property boasts exceptional visibility and accessibility, with a traffic count of 10,372 vehicles daily—a 10% increase year-over-year. The site is surrounded by significant growth, including 600+ new homes under construction, projected to add 2,250 residents to the area. Directly across the street is a supermarket and car dealership, while a new housing development and McDonald's are under construction nearby. The property's current structures—a single-family home and two large garages—are vacant and ready for demolition or repurposing. Ideal for a café, restaurant, or any business requiring a drive-thru, the lot offers multiple entry points and plans for a signalized easement. Utilities including electricity, water, and sewer are readily available
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.