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Property profile & analytics
OFF-MARKET
Commercial real estate

2328 Hoover Rd Grove City, OH 43123

Property ID
US66-4240998
Property summary
AI-generated overview

This exceptional 4.5-acre parcel of land, totaling 199,504.8 square feet, presents a unique development opportunity in the thriving Grove City, Ohio market. Located at 2328 Hoover Road, this property boasts over 200 feet of frontage along I-270, ensuring excellent highway accessibility. Its strategic position near Gantz Park and a short distance from Stringtown Road offers convenient access to local amenities and a desirable residential setting. The site is ideal for both multi-family and single-family residential development. This is a turnkey opportunity, as utilities are already on-site. Furthermore, the seller has readily available city-approved water and sanitary extension drawings, along with comprehensive soil reports, streamlining the development process and minimizing potential delays. The asking price for this remarkable property is $499,900. This land is situated in Franklin County, Ohio, with the zip code 43123. Don't miss this chance to acquire a highly desirable and well-positioned development site in a rapidly growing area.

Property profile
Verified
Property type Commercial real estate
UPID US66-4240998
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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