1345 Legend Ln Alexandria, OH 43001
This exceptional 123-acre property, located at 1345 Legend Lane in Alexandria, Ohio (zip code 43001), presents a unique investment opportunity. Boasting a substantial 5,400,133.2 square foot lot, this land offers significant potential for diverse development. Built in 2001 and renovated in 2016, the property enjoys a prime location approximately five miles southeast of the New Albany International Business Park. Its strategic positioning along the north side of State Route 161 (with 3,926 feet of frontage) and proximity to Route 310 provides excellent accessibility. Route 310 provides access to Legend Lane and beyond. Utilities are readily available in the area. Recent acquisitions in the vicinity include medical facilities, indicating a strong and growing market. The property's zoning allows for commercial, warehouse, and residential uses, making it suitable for a variety of development projects. The seller is open to considering joint ventures, presenting a flexible approach to acquisition. This expansive tract offers a compelling opportunity for investors seeking significant land holdings in a thriving Ohio location. The property's size, location, and versatility make it an attractive prospect for both large-scale and smaller developments.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.