Technical
Financial
Distress signals
Property profile

466 State St Westerville, OH 43081

OFF-MARKET
Land
Property ID
US66-6291006
1.2 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 1.2 ac (52,272 SF)
UPID US66-6291006

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

466 State St Westerville, OH 43081
Westerville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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