Property profile

US-62 And Oh-161 New Albany, OH 43054

OFF-MARKET
Land
1.34 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 1.34 ac (58,370 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

US-62 And Oh-161 New Albany, OH 43054
New Albany metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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