15760 Watkins Rd Marysville, OH 43040
This exceptional 75-acre property in Marysville, Ohio, presents a unique investment opportunity. Located at 15760 Watkins Road, this expansive land parcel boasts 3,267,000 square feet and offers significant development potential. The property features two road entrances on Watkins Road, providing convenient access. City utilities are readily available, simplifying infrastructure development. A notable feature is an 8-acre lake with 2500 feet of buildable lakefront, adding significant aesthetic and recreational value. Currently, the land includes two existing homes and a newer pole building. The property's strategic location is a key advantage, bordering multi-family residential, a Lowe's, a car dealership, office buildings, and a light manufacturing tech park. Proximity to two freeway entrances ensures excellent connectivity. The property is comprised of six parcels, offering flexibility for various development scenarios. Built in 1978, this 1744-foot road frontage property offers many possible uses, making it an attractive investment for developers seeking a large-scale project in a thriving Ohio community. The asking price is $9,300,000.
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.