8987 Hollow Rd Pataskala, OH 43062
This exceptional 17.68-acre parcel of land presents a unique development opportunity in the rapidly growing Pataskala, Ohio area. Ideally situated in Licking County, with the APN 025-069132-00.001, this property boasts a prime location just 15 minutes from the planned Intel facility during rush hour, according to MORPC research. The land is zoned AG and offers convenient access to essential utilities, including electricity and public water. Its proximity to established residential areas further enhances its appeal. Specifically, the property is located a mere 900 feet from Homewood Corporation's Scotland Ridge Subdivision, providing a seamless transition into a thriving community. Furthermore, its strategic location offers easy access to major transportation arteries, with the SR-161 freeway intersection at SR-310 a short 3.25-mile drive. This combination of location, accessibility, and utility availability makes this property an attractive investment for developers seeking to capitalize on the burgeoning growth fueled by the Intel expansion. The asking price for this remarkable opportunity is $1,250,000. The lease on any existing structures expires on December 31, 2023.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.