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    FOR SALE
    Commercial land

    9600 Mahoning Ave, North Jackson, OH 44451

    58,800 SF 5.74 ac lot Built 1963
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US66-1561475
    Property summary
    AI-generated overview

    Exceptional 11.3-acre commercial land parcel in North Jackson, Ohio, is available for $1,100,000. This strategically located property boasts a prominent position at 9600 Mahoning Ave (State Route 18), benefiting from nearly 900 feet of frontage. Its ideal location is situated between major transportation arteries, the Ohio Turnpike and Pennsylvania Turnpike, directly off Exit 218 of the Ohio Turnpike, ensuring high visibility from both roadways. This high-traffic location offers excellent potential for signage. The property is zoned B-1, according to the zoning map, and features two existing driveways. The site previously housed a hotel and residential structure, which have since been demolished. The land comprises six individual lots. North Jackson Township has experienced significant recent economic growth, attracting over $80 million in business investments within the last five years, making this a prime opportunity for commercial development. The property's history suggests potential for a large-scale project, given the previous presence of a 90-unit hotel. APN: 50-049-0-015-00-0.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1963
    Total area 58,800 SF
    Lot 5.74 ac (250,034 SF)
    APN 50-049-0-015.00-0
    UPID US66-1561475
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.16M
    Blend (final) Blend
    $3.57M
    Owner & transaction history
    FINANCIAL INVEST PROGRAM L T D
    FINANCIAL INVEST PROGRAM L T D
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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