5260 Hoover Rd Grove City, OH 43123

Property Details for 5260 Hoover Rd

Lot size

2.40 lot acres

Property type

Commercial real estate

APN

040-014971

Description

This exceptional 2.4-acre commercial land parcel, located at 5260 Hoover Road in Grove City, Ohio (Franklin County, zip code 43123), presents a unique redevelopment opportunity. The property, with APN 040-014971, boasts approximately 300 feet of frontage and is situated at the corner of Hoover and Holton Roads, offering excellent visibility and accessibility. The asking price of $1,200,000 includes the neighboring parcel at 5232 Hoover Road. This prime location benefits from its proximity to the new Mount Carmel Medical Center, promising significant future growth and development potential. While the existing structures on the property, built in 1950, total 1,061 square feet, the true value lies in the vacant land's potential for future development. The property is currently zoned as vacant land, and any future use will require rezoning and approval from the City of Grove City. The possibility of tax abatement may also be explored. This is a rare opportunity to acquire a corner lot in this highly desirable location, likely the only one of its kind to become available. The property's size and strategic location make it ideal for a variety of commercial ventures.