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    FOR SALE
    Commercial land

    741 Scioto St, Urbana, OH 43078

    71,058 SF 3.79 ac lot Built 1962
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US66-4437652
    Property summary
    AI-generated overview

    This exceptional 0.43-acre commercial land parcel, located at 741 Scioto Street in Urbana, Ohio, presents a unique investment opportunity. The property boasts B-2 General Business zoning, allowing for a wide range of commercial uses. Measuring approximately 90 feet by 208 feet, this centrally located lot offers excellent visibility and accessibility. Its prime position within Urbana's business district places it in close proximity to numerous established businesses, including a new Aldi (construction commencing December 2022), Walmart, Kroger, CVS, McDonald's, Taco Bell, and Mercy Health. All utilities are readily available, and a master detention system is in place. The property is available for sale starting Spring 2023, making it an ideal site for developers and entrepreneurs seeking a strategic location in a thriving commercial area. The address is 741 Scioto Street, Urbana, OH 43078, within Champaign County. This is a rare opportunity to acquire a well-situated commercial lot in a high-traffic area with excellent potential for growth and return on investment.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1962
    Total area 71,058 SF
    Lot 3.79 ac (165,267 SF)
    APN K48-25-11-02-28-013-00
    UPID US66-4437652
    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
    Current use
    Occupant on record · Public records
    • ALDI Specialty Food Shop Supermarket
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $690k
    Owner & transaction history
    Aldi INC · 3 yrs held
    Aldi INC
    since 2022
    Last sale
    $625,000
    5 recorded transactions
    2022
    $625,000
    2020
    2014
    $2.9M
    2008
    $187,500
    2006
    $4.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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