916 Reynoldsburg New Albany RdBlacklick, OH 43004

  • Land
  • 1,064 SF
For Sale
$249,000 View listing

Property Details for 916 Reynoldsburg New Albany Rd

Year built
1958
Lot size
1.00 AC
Property size (Sq ft)
1,064 SF
Property type
Land
Property subtype
Commercial land
APN
170-000733
APU
170000733

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $211,994
    Hospitality
    $194,185
    Educational
    $161,560
    Medical
    $167,116
    Retail
    $251,315
916 Reynoldsburg New Albany Rd, Blacklick, Ohio

Location Insight

City
Blacklick
County
Franklin
State
Ohio
Latitude
40.0023
Longitude
-82.8097
CBSA code
18140
CBSA name
COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,201
$114,100
-
$114,100
-
$326,000
-
$326,000

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