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Property profile & analytics
OFF-MARKET
Land

Marysville Columbus Ave Marysville, OH 43040

2.1 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.1-acre commercial lot, designated as Lot B, presents a remarkable investment opportunity in the thriving city of Marysville, Ohio. Strategically located on Columbus Avenue and the west side of the recently upgraded Professional Parkway, this property boasts excellent visibility and accessibility. The lot is zoned PUD (Planned Unit Development), offering flexibility for a variety of commercial uses. All necessary utilities are readily available, simplifying development plans. The property's exceptional location is further enhanced by its proximity to several new residential and multi-family developments, including the Marysville Flats apartments, The Club at Woodside apartments (currently under construction), and the Retreat at Marysville apartments (scheduled for construction in Summer 2024). This vibrant surrounding environment ensures high traffic and strong potential for future growth. The asking price is $1,155,000, translating to $550,000 per acre, reflecting the land's prime location and development potential. The property's APN is 2900031230050. An adjacent 2.34-acre lot (Lot A) is also available. This presents a unique opportunity to acquire a significant land parcel in a rapidly developing area.

Property profile
Verified
Property type Land
Lot 2.1 ac (91,476 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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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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