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Property profile & analytics
FOR SALE
Land

5424 Bixby Rd Canal Winchester Canal Winchester, OH 43110

39.76 ac lot
Individually Owned 3-yr Hold
Property ID
US66-6211297
Property summary
AI-generated overview

This exceptional 39.762-acre property, located at 5424 Bixby Rd in Canal Winchester, Ohio (Franklin County, zip code 43110), presents a unique redevelopment opportunity. Currently zoned R - Rural, this expansive parcel offers significant potential for various uses. The land is priced at $200,000 per acre, totaling an asking price of $7,952,400. While an existing ranch-style home sits on one portion of the land, the sale is focused on the land value itself. The property's strategic location offers easy access to major transportation arteries, including US-33, providing convenient commutes to both Downtown Columbus (approximately 20 minutes away) and the vibrant Canal Winchester area. The property's proximity to established retail centers, such as Home Depot and Kroger, further enhances its appeal. The APN is 185-002601. This prime farmland presents a compelling investment opportunity for developers seeking a substantial land holding in a rapidly growing area. The property is situated near the Groveport corporation limit, adding to its development potential. This is a rare chance to acquire a large tract of land with excellent access and visibility in a desirable location. Serious inquiries only.

Property profile
Verified
Property type Land
Lot 39.76 ac (1,732,033 SF)
UPID US66-6211297
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Richard M Vannatta · 3 yrs held
Richard M Vannatta
since 2023
2 recorded transactions
2023
Price N/A
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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