466 State St Westerville, OH 43081
This exceptional 1.2-acre commercial land parcel presents a prime redevelopment opportunity in Westerville, Ohio. Located at 466 S State St, this property boasts approximately 150 feet of frontage along South State Street, situated within Westerville's thriving southern retail corridor. The high-traffic, high-visibility location ensures excellent exposure for any new development. The property is surrounded by existing retail and office spaces, creating a synergistic environment. Its convenient access to major roadways enhances its appeal and accessibility. The parcel is zoned O/I (Office/Institutional District) and R-2 (Single Family District), and also falls under the State Street Corridor Overlay, offering flexibility for a variety of development options. The asking price is $975,000. The property includes three APNs: 080-002197-00, 080-002144-00, and 080-002123-00. This is an unparalleled chance to capitalize on a highly desirable location and create a significant return on investment. Don't miss this chance to acquire a piece of Westerville's vibrant commercial landscape. The property's prime location and zoning flexibility make it an ideal site for a variety of commercial ventures. This is a rare opportunity to acquire a substantial land parcel in a high-growth area.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.