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Property profile & analytics
FOR SALE
Commercial land

5700 Columbus Pike Lewis Center, OH 43035

4.32 ac lot
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US66-0055989
Property summary
AI-generated overview

This exceptional 13+ acre commercial land parcel, located at 5700 Columbus Pike in Lewis Center, Ohio (zip code 43035), presents a unique investment opportunity. The property boasts a substantial 566,280 square foot lot size, strategically positioned at the intersection of Columbus Pike and Hyatts Road. Its zoning as Planned Commercial & Office allows for diverse development options, including assisted living facilities, retail spaces, and various commercial or office uses, as well as hospitals, medical facilities, and laboratories. The site is already partially configured, with approximately 6.4 acres suitable for assisted living, 3 acres for retail, and three 1-1.5 acre outlots for additional commercial development. Building setbacks are 50 feet, and the property features a 110-foot right-of-way. The location offers potential for right-in/right-out access on Columbus Pike, with water readily available along Columbus Pike and sewer access near the intersection of Columbus Pike and Hyatts Road within the right-of-way. This prime location and flexible zoning make this a highly desirable site for developers seeking a versatile and strategically located property. The asking price for this exceptional opportunity is $5,520,000.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 4.32 ac (188,136 SF)
APN 318-220-02-003-000
UPID US66-0055989
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Hyatts-columbus Pike LLC · 15 yrs held
Hyatts-columbus Pike LLC
since 2010
2 recorded transactions
2010
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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