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Property profile & analytics
OFF-MARKET
Land

1328 Western Ave Chillicothe, OH 45601

Built 1950
Property ID
Property summary
AI-generated overview

This exceptional Chillicothe, Ohio commercial land offering presents a unique investment opportunity. Encompassing a substantial 30,056.4 square foot lot at 1318 & 1328 Western Avenue, this property boasts prime road frontage and is ideally situated within a thriving commercial area experiencing significant recent growth. The property includes four parcels, currently featuring two residential structures (1318 and 1328 Western Avenue) built in 1950. These existing buildings offer flexibility; they could be renovated to suit a new business or demolished to make way for new construction. The location benefits from convenient access to public water and sewer services, with existing electric and gas utilities already installed. To facilitate a smooth transition, the seller is open to handling demolition and site clearing prior to closing, contingent upon an accepted offer. This is a rare chance to acquire a substantial commercial parcel in a high-growth area of Chillicothe, offering considerable potential for a variety of commercial ventures. The property's size and location make it an attractive prospect for developers and businesses seeking a prominent presence in this dynamic market. Multiple MLS numbers are associated with this listing.

Property profile
Verified
Property type Land
Year built 1950
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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