Property profile

2589 Springfield Xenia Rd Springfield, OH 45506

OFF-MARKET
Land
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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

Location

2589 Springfield Xenia Rd Springfield, OH 45506
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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