1328 Western Ave Chillicothe, OH 45601
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.
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
Similar Nearby for Lease
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.