0 Hill Rd Canal Winchester, OH 43110
This exceptional 25.87-acre parcel in Canal Winchester, Ohio, presents a prime development opportunity. Zoned Planned Residential District (PRD), it's already entitled for the construction of 44 detached units and a senior living facility, making it ideal for a senior housing development. The property's strategic location offers significant advantages. It's situated near hundreds of new homes and apartments, ensuring a strong resident base and vibrant community. Proximity to Diley Ridge Medical Center (Mount Carmel) and a Meijer store provides residents with convenient access to healthcare and daily necessities. Furthermore, its location within one mile of the US-33/Diley Road interchange ensures easy access to major transportation routes. The site boasts all utilities in close proximity, simplifying the development process. Less than 20 minutes from Downtown Columbus, this location offers residents convenient access to the city's amenities while maintaining a tranquil suburban setting. The APN is 0420388510. This is a rare opportunity to develop a thriving senior housing community in a high-demand area. The asking price is $3,452,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.