461 State Route 61Marengo, OH 43334

Property Details for 461 State Route 61

Year built

1977

Lot size

5.71 AC

Property size (Sq ft)

2,704 SF

Property type

Office buildings

APN

A01-001-00-361-01

APU

A010010036101

Description

This exceptional 19.516-acre commercial land parcel in Marengo, Ohio, presents a unique investment opportunity. Situated at 461 State Route 61, this property boasts a highly desirable location at the I-71 and SR-61 interchange exit, offering unparalleled accessibility. Zoned C-2 (Highway Commercial) and I-1 (Industrial), the land is suitable for a wide range of commercial and industrial developments. Potential uses include a large gas station with ample truck parking, a significant industrial facility (up to 200,000 square feet), or multiple smaller buildings. The seller is open to various transaction structures, including build-to-suit options, land leases, or outright sale. Several site plans are available to illustrate potential development scenarios. The property's strategic location provides easy access to Downtown Columbus (within 35 minutes), the new Intel facility, and the I-270 Columbus Outerbelt, making it an attractive proposition for businesses seeking a prominent location with excellent connectivity. The property's APN is A01-001-00-361-01, A01-001-00-363-01, A01-064-00-004-01. This level lot offers significant potential for a variety of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $509,300

  6.5%

  $470,123

  7%

  $436,543

• Comparable approach

  Method

  Valuation

  Relative Method

  $252,932

  Geo Method

  $252,932

• Alternative Use

  Use

  Valuation

  Residential

  $582,953

  Hospitality

  $533,982

  Educational

  $444,266

  Medical

  $459,545

  Retail

  $691,081

Location Insight

City

Marengo

County

Morrow

State

Ohio

Latitude

40.3708

Longitude

-82.8284

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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