1900 Ikea Way Columbus, OH 43240
This exceptional 4.2-acre commercial land parcel presents a unique investment opportunity in Columbus, Ohio. Strategically located at 1900 IKEA Way, this property boasts a prime position just off I-71, directly in front of the IKEA store and situated between two signalized intersections. The site benefits from high visibility along the Gemini Place/IKEA Way corridor, a key east-west connector for the area, experiencing less congestion than the Polaris Parkway to the south. Daily traffic counts exceed 31,000 vehicles, ensuring significant exposure for any development. The property is zoned for commercial use, offering flexibility for a variety of projects. Its proximity to Polaris Fashion Place, a major super-regional mall encompassing over 2 million square feet of retail space and attracting affluent shoppers, further enhances its appeal. The surrounding area features over 4.6 million square feet of retail gross leasable area (GLA), indicating a thriving commercial environment. This land parcel represents a rare chance to acquire a well-located site within a continuously developing corridor, offering substantial potential for future growth and return on investment. The property is located in Delaware County, Ohio, with a zip code of 43240.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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