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    OFF-MARKET
    Commercial land

    4029 Marlane Dr, Grove City, OH 43123-9742

    5,822 SF 0.81 ac lot Built 1979
    Entity Owned 18-yr Hold ~ Est. High Equity
    Property ID
    US66-2770294
    Property summary
    AI-generated overview

    Exceptional investment opportunity awaits with this 0.785-acre commercial lot, encompassing 34,412.4 square feet, ideally situated at 4029 Marlane Drive in Grove City, Ohio, zip code 43123. This property boasts a prime location in a high-traffic area, offering excellent visibility and accessibility. Its strategic placement near major roadways, including Interstates 270 and 71, ensures significant exposure to a large consumer base. The area is experiencing substantial growth, surrounded by established businesses, including lodging, restaurants, retail stores, entertainment venues, and numerous new residential developments. The lot is zoned for commercial use and has readily available utilities, making it an ideal site for a variety of commercial ventures. This presents a rare chance to capitalize on a thriving market and establish a successful business in a high-demand location. The asking price for this exceptional property is $950,000. Don't miss this opportunity to secure a prime piece of commercial real estate in a rapidly developing area.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1979
    Total area 5,822 SF
    Lot 0.81 ac (35,458 SF)
    APN 040-001269
    UPID US66-2770294
    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
    Current use
    Occupant on record · Public records
    • Travel lodge motel Hotel & Motel
    • Carpet & Flooring USA of Grove City Big Box & Wholesale Store
    • Grove City Travel inn/So Columbus Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Adipu LLC · 18 yrs held
    Adipu LLC
    since 2007
    4 recorded transactions
    2019
    2007
    $800,000
    2007
    2007
    $75,700
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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