455 N State St Westerville, OH 43082
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.