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Property profile

2680 State Route 61 Marengo, OH 43334

OFF-MARKET
Land
Property ID
US66-2711497
Individually Owned 7-yr Hold
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Property summary

AI-generated overview

This exceptional 55.2-acre property, located at 2680 State Route 61 in Marengo, Ohio (43334), presents a unique investment opportunity. The land boasts a substantial 2,405,818.8 square feet, offering a blend of residential and agricultural potential. Situated conveniently near Delaware County and the I-71/Route 61 interchange, this location provides easy access to major transportation routes. The property is bordered on two sides by the Lutheran Outdoor Ministries of Ohio, a 400-acre wildlife sanctuary, ensuring a tranquil and secluded setting. While two homes previously stood on the site, remnants remain including two wells and septic systems (sold as-is). Two existing outbuildings are also present. Approximately 25 acres are tillable, ideal for farming or other agricultural pursuits, while the remaining acreage is wooded, providing a natural and picturesque landscape. A large pond and gazebo add to the property's charm, creating a private and serene atmosphere perfect for recreation or simply enjoying the natural beauty. This property is priced at $1,050,000 and offers a rare chance to own a substantial piece of land with diverse possibilities.

Property profile

Verified
Property type Land
UPID US66-2711497

Cap rate & NOI

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

Location

2680 State Route 61 Marengo, OH 43334
Marengo metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

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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