3301 Township Road 221 Marengo, OH 43334
This exceptional 1.836-acre (±) property, located at 3301 Township Road 221 in Marengo, Ohio, presents a unique opportunity for development. Situated in Morrow County within the Highland School District, this mostly wooded lot offers convenient access to major transportation arteries, including Interstate 71 and State Route 61. The property boasts a substantial 80,150.4 square feet of land, providing ample space for various building projects. Existing infrastructure includes a septic system and an established driveway, simplifying the development process. Utility connections are readily available, further enhancing the property's appeal. The property is being sold "as is, where is," reflecting its potential for customization and development to suit individual needs and preferences. The 1992 construction date refers to an existing structure on the property, however, the listing is for the land only. This prime location and existing infrastructure make this an attractive investment opportunity for those seeking a buildable lot in a desirable area. The zip code is 43334.
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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
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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.