2589 Springfield Xenia Rd, Springfield, OH 45506
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.
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.