21515 Higgins Rd Bowerston, OH 44695
This exceptional 3.88-acre commercial land parcel presents a compelling investment opportunity in Bowerston, Ohio. Located at 21515 Higgins Rd, this property boasts a highly desirable C2-SC-SP zoning designation, permitting a diverse range of commercial uses, including retail, mixed-use retail/residential, multifamily (up to 4 dwelling units per acre), mini-storage (with a use permit), office/medical office, or business park-related developments. The site enjoys excellent visibility and accessibility, with direct frontage on Combie Rd, a road experiencing 15,000 vehicles daily. Its strategic location places it directly south of the newly constructed Higgins Marketplace, a grocery-anchored shopping center featuring Holiday Market and Quick Quack Car Wash, and west of Combie Plaza, anchored by CVS, Chevron, and Starbucks. This area benefits from the recently adopted Greater Higgins Area Plan, projecting significant growth in residential and commercial development by 2042. The property's proximity to Highway 49, halfway between Grass Valley (13 miles) and Auburn (10 miles), provides convenient access to a substantial population base. Furthermore, the site is situated near established residential communities such as Lake of the Pines (1,884 homes) and Cascade Crossings (80 homes), ensuring a readily available customer base. The asking price for this remarkable development site is $1,700,000. This represents a unique chance to capitalize on the burgeoning commercial growth in this strategically positioned location. The property's zoning and location make it ideal for a variety of commercial ventures, offering significant potential for long-term return on investment.
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
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