1787 Oh-63 Lebanon, OH 45036
This exceptional commercial land offering presents five one-acre lots ideally situated in Lebanon, Ohio, near the I-71 and I-75 interchange. Zoned for retail and office use, this property boasts a high-traffic location with approximately 15,000 vehicles passing daily. The development is part of a larger master-planned community encompassing approximately 680 homesites, 268 apartment units, a 230-unit senior living facility, and a 60-acre greenspace park. The lots are within 1.5 miles of Lebanon's city center, offering convenient access to local amenities and a strong residential base. The meticulously planned community prioritizes walkability, pedestrian-friendly pathways, and a connection with nature, creating a vibrant and attractive environment for businesses and residents alike. The thoughtful design, including tree-lined streets and sidewalks, aims to minimize the typical monotony of urban concrete. This development offers a unique opportunity to establish a thriving business in a rapidly growing area with strong demographics and excellent infrastructure. The asking price is $900,000 for the entire five-acre parcel, divisible into individual one-acre lots. The permitted zoning allows for a variety of uses, including retail, office, restaurants, and personal/professional services. This is an exceptional investment opportunity in a prime location with significant growth potential.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.