0 Worthington Rd Alexandria, OH 43001
This exceptional 1,878,742.8 square foot land parcel presents a rare development opportunity in Alexandria, Ohio. Strategically located just 1600 feet from State Route 161 and 375 feet from Route 310, this property boasts 1009 feet of frontage on Worthington Road. Its proximity to major tech companies like Intel, Meta, Google, Microsoft, and Amazon makes it highly desirable. The land is primarily clear, with some wooded areas, offering versatility for various development projects. Potential uses include estate properties, residential lots or homes, commercial buildings, or office spaces. Water access is available at the intersection of Route 310 and Worthington Road. The property is currently under an annual farming lease, which is cancellable. Prospective buyers should conduct due diligence to confirm rezoning requirements. Note that new deed restrictions will necessitate a small buffer zone along the western property line, adjacent to existing residential properties. This is a unique chance to acquire a substantial land holding in a rapidly growing area. The asking price for this significant property is $4,930,000.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.