1870 Harrison Rd Johnstown, OH 43031
This exceptional 7.832-acre parcel of land, located at 1870 Harrison Road NW in Johnstown, Ohio, presents a unique investment opportunity. The property, built in 1991, boasts a total lot size of 341,074.8 square feet and is currently zoned residential. Its strategic location offers significant potential for future development. Surrounded by established businesses like GE and IPUD, and situated within New Albany's Limited Overlay District, this land is poised for rezoning to General Employment (GE). There's also an MUOD overlay in place, with Jersey Township potentially implementing an Industrial Overlay. Annexation into New Albany could unlock potential tax abatements. The property is well-suited for various uses, including commercial, light industrial, or office space, and even a single-use data center may be feasible. Existing utilities include electricity and gas. City water and sewer access would require annexation into New Albany, but these services, along with fiber optic capabilities, are conveniently located just north of the property along Innovation Campus. The land is level and wooded, offering a versatile canvas for development. While currently listed as 7.832 acres, there may be an opportunity to acquire additional acreage through assemblage. This prime location and flexible zoning potential make this a compelling investment prospect.
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.
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.