Property profile

741 Scioto St Urbana, OH 43078

FOR SALE
Commercial land
Property ID
US66-4437652
71,058 SF 3.79 ac lot Built 1962
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Specialty Food Shop Supermarket

Location

741 Scioto St Urbana, OH 43078
Urbana metro Census 10600 URBANA, OH MICROPOLITAN STATISTICAL AREA
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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

since 2022
Last sale
$625,000
5 recorded transactions
2022
$625,000
2020
Price N/A
2014
$2.9M
2008
$187,500
2006
$4.0M

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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