0 Olde Rdg Ave Lancaster, OH 43130
This exceptional 25.03-acre property presents a unique investment opportunity in Lancaster, Ohio's desirable River Valley Highlands area. The land is comprised of two parcels: an 18.8-acre parcel located on Greencrest Way (APN 0532274700) and a 6.23-acre parcel situated on Olde Ridge Avenue (APN 0532274820). Zoned for both agricultural and residential use, this versatile land offers significant potential for development. The Greencrest Way parcel has the potential for up to 66 lots, while the Olde Ridge Avenue parcel could accommodate approximately 14 lots. The asking price is $425,000, translating to approximately $7,000 per acre. Conveniently located within a mile of major retailers, financial institutions, and restaurants, this property enjoys excellent accessibility and proximity to amenities. The property is served by the Lancaster Central School District, making it an attractive location for families. This is a rare opportunity to acquire a substantial land holding in a thriving Ohio community with diverse development possibilities. The property's dual zoning allows for a variety of uses, from agricultural pursuits to residential subdivision. Serious inquiries are encouraged. The legal description includes APN numbers 0532274700 and 0532274820. The address is Olde Ridge Ave, Lancaster, OH 43130.
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
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