US-62 And Oh-161, New Albany, OH 43054
This exceptional 1.34-acre commercial land parcel presents a unique investment opportunity in New Albany, Ohio. Strategically located at the intersection of US-62 and OH-161, this property boasts significant frontage on both major roadways, maximizing visibility and accessibility. The parcel is uniquely divided into two sections. The primary section sits directly at the intersection, benefiting from prime placement on the on-ramp from US-62 to OH-161 east, ensuring high traffic exposure. This section is adjacent to a BP gas station, further enhancing its commercial appeal. The secondary section, situated on E Dublin-Granville Rd, includes a pond, offering potential for creative landscaping or development. The entire property is zoned as Comprehensive Planned Unit Development, providing flexibility for a range of commercial uses. With its ideal location, high visibility, and versatile zoning, this property is perfectly suited for businesses seeking a prominent presence in a thriving New Albany market. The asking price is $1,340,000. The property's address is US-62 and OH-161, New Albany, OH 43054, within Franklin County.
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.