Property profile

13220 Us Highway 42 Plain City, OH 43064

OFF-MARKET
Land
Property ID
US66-1831576
8 ac lot
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Property summary

AI-generated overview

This exceptional 8-acre commercial land parcel is strategically located at 13220 US Highway 42 N in Plain City, Ohio, 43064. Boasting unparalleled visibility at a prominent corner between State Route 33 and Delaware, this property presents a unique investment opportunity. Its prime location along a main thoroughfare connecting Jerome Township and Honda facilities ensures high traffic volume and exposure. The property's year of construction is 1962, and it offers significant potential for various commercial developments. Note that an electrical easement traverses the property. While the adjacent 160 acres were recently acquired by Shelly Materials Company for mining operations, their projected commencement is within the next 7-10 years, providing a considerable window for development. This presents a rare chance to secure a substantial land holding in a rapidly growing area before significant changes to the surrounding landscape occur. The asking price for this remarkable property is $1,200,000.

Property profile

Verified
Property type Land
Lot 8 ac (348,480 SF)
UPID US66-1831576

Cap rate & NOI

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

Location

13220 Us Highway 42 Plain City, OH 43064
Plain City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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