17
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$1,500,000
Est. payment /mo
2.9 Acres Lot
New
8521-8559 Olde Worthington Road Westerville, OH 43082
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Key Details
Property Type Vacant Land
Sub Type Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226033661
Annual Tax Amount $15,523
Lot Size 2.900 Acres
Lot Dimensions 2.9
Property Sub-Type Residential Land
Source Columbus and Central Ohio Regional MLS
Property Description
RARE AND DISTINCTIVE 2.9-ACRE REDEVELOPMENT OPPORTUNITY IN THE POLARIS/ORANGE TOWNSHIP CORRIDOR. Comprised of two contiguous parcels along Olde Worthington Road, this represents one of the few remaining redevelopment opportunities of its kind in this highly established and rapidly growing area. Ideally positioned for potential commercial, medical, office or mixed-use redevelopment. ORANGE TOWNSHIP has indicated a desire to see the site redeveloped and has expressed receptiveness to appropriate redevelopment 9 Providing strong potential for mixed-use, office, retail, hospitality, commercial, or condominium development) proposals, subject to zoning and required approvals. A previous medical development progressed substantially through the approval process before the transaction ultimately did not proceed due to timeline. Both existing dwellings are rented month-to-month, generating a combined $4,000 per month and providing valuable holding income while a buyer pursues development plans. Excellent proximity to Polaris, I-71, major employers, medical, retail and surrounding residential growth. A unique opportunity to control nearly three contiguous acres in a corridor where sites of this size and redevelopment potential are becoming increasingly difficult to find. Buyer to independently verify zoning, permitted uses, utilities and all development requirements with Orange Township.
Location
State OH
County Delaware
Area 2.9
Zoning Fr-1
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Building
Lot Description Sloped, Pond on Lot, Water View, Wooded
Schools
High Schools Olentangy Lsd 2104 Del Co.
School District Olentangy Lsd 2104 Del Co.
Others
Tax ID 318-443-01-001-000
Listed by Ashley Gale Keller Williams Consultants
NEARBY SCHOOL & BUSINESS
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