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    OFF-MARKET
    Land

    0 Home Rd, Powell, OH 43065

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    AI-generated overview

    This exceptional ground lease opportunity presents two outlot parcels ideally situated at the southwest corner of Sawmill Parkway and Home Road in Powell, Ohio. These parcels, totaling 30 acres within a new development, offer unparalleled visibility and accessibility. The property boasts a prime location near Olentangy Liberty High School and the forthcoming Ohio State University Outpatient Powell Facility, ensuring a strong and growing surrounding community. A new Kroger development is also slated for completion in 2025, further enhancing the area's commercial appeal. The front lot already has approved right-in, right-out access on Sawmill Parkway, a major thoroughfare with an average daily traffic count exceeding 16,488 vehicles. This high visibility ensures maximum exposure for any commercial venture. Utilities are readily available on-site. The parcels are surrounded by a diverse mix of commercial, residential, medical, office, and multifamily properties, creating a vibrant and dynamic environment. Lease rates are highly competitive, with Lot A offered at $80,000 per year and Lot B at $60,000 per year. The property's APN is 319-240-01-031-012, located in Delaware County, Ohio, and zoned for Planned Commercial District use. This is a rare opportunity to secure a prominent location in a rapidly developing area with excellent access and high visibility. Contact us today to learn more about this exceptional ground lease opportunity.

    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Permitted uses
    Allowed · conditional · prohibited
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