123 And I-71 Lebanon, OH 45036
This exceptional 173-acre commercial land parcel presents a unique investment opportunity in Lebanon, Ohio. Strategically located at the intersection of State Route 123 and I-71, this property offers unparalleled access to major transportation arteries, making it ideal for a variety of commercial and industrial uses. The property is zoned B-2 Retail, I-1 Light Industrial, and R-1A Residential, providing flexibility for diverse development plans. Situated within a Joint Economic Development District encompassing the City of Lebanon and Turtlecreek Township, this location benefits from collaborative economic development initiatives. Recent infrastructure improvements, including a new $9 million Pilot/Flying J development and a new sewer line, significantly enhance the site's appeal and development potential. The area is experiencing substantial growth, with plans for a gateway district to serve a rapidly expanding residential and commercial area. This represents one of the last undeveloped interstate interchanges in Southwestern Ohio, presenting a rare chance to capitalize on this prime location and contribute to the region's continued expansion. The property's size and strategic location make it an exceptional opportunity for large-scale development projects. The existing infrastructure and planned improvements further solidify its potential for significant return on investment. This is a truly remarkable opportunity to acquire a substantial land holding in a high-growth area with excellent access to major transportation networks.
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
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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.