916 Reynoldsburg New Albany Rd Blacklick, OH 43004-8625
This exceptional one-acre commercial lot, located at 916 Reynoldsburg New Albany Road in Blacklick, Ohio (zip code 43004), is offered at $249,000. The property encompasses 43,560 square feet and is situated in Jefferson Township, within the Gahanna Schools district. Its strategic location offers easy access to key amenities. The property boasts significant flexibility, with the potential for re-zoning to accommodate residential or mixed-use developments. All essential public utilities, including sewer and water, are readily available and approved for use. Pre-approved plans exist for a 6,000 square foot event center, complete with ample parking, demonstrating the property's immediate development potential. This combination of location, zoning flexibility, and approved plans makes this a highly attractive investment opportunity for developers seeking a versatile and strategically located site in a thriving area. The property's prime location and approved plans significantly reduce development hurdles, presenting a compelling opportunity for a swift return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.