5232 Hoover Rd Grove City, OH 43123
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 5232 Hoover Rd
- Year built
- 1952
- Property type
- Commercial real estate
Description
This exceptional 2.4-acre land parcel, located at 5232 Hoover Road in Grove City, Ohio, presents a unique redevelopment opportunity. Boasting approximately 104,544 square feet, this property offers significant frontage on Hoover Road, measuring roughly 300 feet. Its strategic corner location at the intersection of Hoover and Holton Roads ensures high visibility and accessibility. The site benefits from its proximity to the new Mount Carmel Medical Center, creating a strong potential for various commercial developments. Built in 1952, this lot is likely the only corner lot of its size that will ever become available at this location. Prospective buyers should be aware that the property will require rezoning and approval from the City of Grove City for any future development plans. The possibility of tax abatement may also be explored. This is an exceptional opportunity for investors seeking a high-impact development project in a rapidly growing area. The asking price for this prime redevelopment site is $1,200,000. The property's zip code is 43123, and it is situated in Franklin County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grove City
- County
- Franklin
- State
- Ohio
- Longitude
- -83.0709309
- Latitude
- 39.8562477
