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    2589 Springfield Xenia Rd, Springfield, OH 45506

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    Property summary
    AI-generated overview

    This exceptional 277,200 dollar land parcel, located at 2589 Springfield Xenia Road in Springfield, Ohio (zip code 45506), presents a compelling opportunity for residential development. Situated in Clark County, this property boasts a prime corner location and offers convenient access to major transportation routes, being just four minutes away from Interstate 70. The land is zoned for both Agricultural and Single Family Residential use, making it immediately suitable for building homes. The site is described as "shovel ready," indicating that it's prepared for construction, eliminating significant pre-development hurdles. This translates to potential cost and time savings for developers. With its strategic location and readily available infrastructure, this property represents a rare chance to capitalize on the growing demand for residential properties in the Springfield area. The latitude and longitude coordinates are 39.8899359 and -83.8374287 respectively. This is a truly exceptional opportunity for investors seeking a high-potential residential development site.

    Property profile
    Verified
    Property type Land
    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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