0 Township Road 128, New Lexington, OH 43764
This exceptional 24.52-acre property (1,068,091.2 sq ft), located at 0 Township Rd 128, New Lexington, OH 43764 (APN 240007240100), presents a unique opportunity for various development scenarios. Zoned for agricultural use, this expansive land parcel is suitable for creating single-family estate-sized lots, 3-5 acre country lots, or a single large estate, cabin, or hunting lodge. The property boasts existing infrastructure advantages, including on-site electricity and access to private water via a 6-inch water line provided by the Perry County water district. A Columbia Gas of Ohio easement runs through the property. High-speed internet access is available via Spectrum (1 GB). Conveniently located approximately 4.1 miles from New Lexington, OH, and 17 miles from Logan, OH, this land offers a blend of rural tranquility and accessibility. This is a rare opportunity to acquire a substantial tract of land with existing utilities, making it ready for immediate development or use. The property's size and location make it an attractive investment for developers, individuals seeking a large estate, or those looking for a recreational retreat.
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.