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Property profile

5547 Red Bank Rd Galena, OH 43021

OFF-MARKET
Land
Property ID
US66-2678720
2.35 ac lot
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Property summary

AI-generated overview

This exceptional 2.35-acre residential lot in desirable Galena, Ohio, presents a unique opportunity to build your dream home. Located at 5547 Red Bank Road, this densely wooded property boasts scenic ravine views and seasonal water views of Hoover Reservoir across the street. Enjoy the convenience of proximity to the Reservoir, its Sailing Club, and nearby communities like Westerville, New Albany, and Sunbury/Galena, as well as the new Intel Complex. The property is served by Delco Water (buyer responsible for tap fees) and requires a septic system for sanitary needs. Big Walnut Schools serve this area. Priced at $359,900, this lot offers a remarkable value at $156,478 per acre. A leading Central Ohio custom builder has exclusive building rights for this lot and may consider combining this lot with two others (pricing to be determined). This is an ideal location for those seeking a private yet convenient setting to build their dream home. The property's APN is 317-411-01-024-005. Enjoy recreational opportunities such as boating, fishing, frisbee golf, and hiking at the nearby Hoover Reservoir.

Property profile

Verified
Property type Land
Lot 2.35 ac (102,366 SF)
UPID US66-2678720

Cap rate & NOI

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

Location

5547 Red Bank Rd Galena, OH 43021
Galena metro
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Value estimations

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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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