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Property profile

8750 Morse Rd Pataskala, OH 43062

OFF-MARKET
Warehouses
Property ID
US66-2293676
Built 1977
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Property summary

AI-generated overview

This exceptional 5-acre property, located at 8750 Morse Road SW in Pataskala, Ohio, presents a unique investment opportunity. Boasting 217,800 square feet of land, the property offers significant potential for various commercial and residential developments. Currently zoned agricultural, the site enjoys 250 feet of road frontage, providing excellent accessibility. The St. Albans Township Future Land Use map designates the area for manufacturing, aligning with the potential for industrial development. The property's strategic location offers significant advantages. It's situated less than half a mile from Hazelton Etna Road (Route 310), two miles from Route 161, and under seven miles from the Intel facility. The proximity to the Worthington Road Commercial Overlay District, along with nearby properties already converted to commercial zoning, further enhances its development potential. The 1977-built home on the property is available for leaseback to the seller prior to any development by the buyer, offering a potential income stream during the transition period. An adjacent 32-acre parcel (MLS #224028875) is also available for purchase, presenting an opportunity for larger-scale development. The property's size, location, and zoning potential make it an attractive investment for developers seeking a prime location in a rapidly growing area. The asking price is $675,000. The zip code is 43062, and the property is located in Licking County.

Property profile

Verified
Property type Warehouses
Year built 1977
UPID US66-2293676

Cap rate & NOI

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

Location

8750 Morse Rd Pataskala, OH 43062
Pataskala 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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