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Property profile & analytics
FOR SALE
Commercial land

455 N State St Westerville, OH 43082

1,772 SF 0.88 ac lot Built 1900
Entity Owned 20-yr Hold Free & Clear
Property ID
US66-5425572
Property summary
AI-generated overview

This exceptional 0.88-acre parcel, located at 455 N. State Street in Westerville, Ohio, presents a compelling investment opportunity. Currently zoned residential (APN: 31733401032000), this S4 undeveloped land (Use Code: 400 commercial - vacant land) requires rezoning and approval from the City of Westerville for commercial use. The asking price is $377,000. The property boasts excellent frontage on N. State Street, enjoying a strategic location south of Polaris Parkway and Polaris Fashion Mall, and north of historic downtown Westerville. Its proximity to I-270 (Columbus outer belt) and the John Glenn Columbus International Airport (approximately 20 minutes away) further enhances its appeal. The property is situated within the Westerville city limits, benefiting from Westerville taxes and school district services. An additional 0.406 acres is available for purchase on the corner of Count Line Road for a separate negotiated price. This property offers significant potential for developers and investors seeking a high-visibility location in a thriving Ohio market. The land is currently vacant and ready for development. Serious inquiries are encouraged to explore the possibilities of this prime commercial real estate offering.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1900
Total area 1,772 SF
Lot 0.88 ac (38,333 SF)
APN 317-334-01-032-000
UPID US66-5425572
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Shumate Properties INC · 20 yrs held
Shumate Properties INC
since 2005
3 recorded transactions
2005
$225,000
2004
$168,500
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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