2345 Demorest Road, Grove City, OH 43123 (MLS# 224037828)

2345 Demorest Road, Grove City, OH 43123

$2,376,000

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Property Type: Land/Farm Lot Size (sq. ft.): 479,160 Status: Contingent

Current Price: $2,376,000 List Date: 10/23/2024 Last Modified: 4/16/2025

Description

Approximately 11 +/- acres (to be split out of larger 19.926-acre parcel) in Jackson Twp, Franklin Co, contiguous to Columbus. Ideal to be annexed & zoned for multifamily development, eligible for the Citywide CRA. South-Western CSD. Water & Sanitary in the immediate area. Less than a mile drive to South-Western Central Crossing HS, Pleasant View MS, Holt Crossing Intermediate School, Bolton Crossing Elementary & South-Western Career Academy. Located in southwest Columbus/Grove City submarket, just north of Big Run South Rd & south of Alkire Rd and I-270. Average Daily Traffic Count (2023): 6,812. Level topography. Demos: 1-mi: 8,969 Pop, $100K Ave HH Inc; $82.4K Med HH Inc; 3-mi: 86,794 Pop, $85.4K Ave HH Inc; $67.6K Med HH Inc; 5-mi: 180,736 Pop, $87K Ave HH Inc; $70K Med HH Inc.

Supplements: ********

More Information MLS# 224037828

Location & Property Info

List Price/Acre: 216000 City (Mailing Addr): Grove City Corp LimitPerAuditor: None

Office/Contract Info

For Sale: Yes Price Per Acre: 216000 For Exchange: No For Lease: No

General Property Info

Minimum Acreage: 11 Maximum Acreage: 11 Built Prior to 1978: No Lot Size (Side): 1340 Useable Acres: 11 Traffic Count PerDay: 6812 Road Frontage: 367 Residential Dwelling/Other Structure Y/N: No # of Dwellings: 0 # of Buildings: 0 Acreage: 11

Tax Info

Zoning: SR, Residential Multiple Parcels: No Tax Abatement: No Taxes (Yrly): 4888 Parcel #: 160-000331 Tax Year: 2023

Remarks & Misc

Property Description: Approximately 11 +/- acres (to be split out of larger 19.926-acre parcel) in Jackson Twp, Franklin Co, contiguous to Columbus. Ideal to be annexed & zoned for multifamily development, eligible for the Citywide CRA. South-Western CSD. Water & Sanitary in the immediate area. Less than a mile drive to South-Western Central Crossing HS, Pleasant View MS, Holt Crossing Intermediate School, Bolton Crossing Elementary & South-Western Career Academy. Located in southwest Columbus/Grove City submarket, just north of Big Run South Rd & south of Alkire Rd and I-270. Average Daily Traffic Count (2023): 6,812. Level topography. Demos: 1-mi: 8,969 Pop, $100K Ave HH Inc; $82.4K Med HH Inc; 3-mi: 86,794 Pop, $85.4K Ave HH Inc; $67.6K Med HH Inc; 5-mi: 180,736 Pop, $87K Ave HH Inc; $70K Med HH Inc.

Income/Expenses

Gross Income: 0 Net Operating Income: 0 Total Expenses: 0

Addl Acceptance Cond

None Known: 1

Services Available

Electricity Available: 1 Natural Gas Available: 1 Sewer Available: 1 Storm Sewer: 1 Water Available: 1

Alternate Uses

Multi-Family: 1

Auction Info

Auction/Online Bidding Y/N: No

New Financing

Conventional: 1

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 2376000 List Price: $2,376,000 Property Sub Type: Multi-Family Land Street #: 2345 Street Name: Demorest Street Suffix: Road County: Franklin State: OH Zip Code: 43123 School District: SOUTH WESTERN CSD 2511 FRA CO. Township: Jackson

OfficeContract Info

Status: Contingent MLS Entry Date: 2024-10-23

Property Features

Addl Acceptance Cond: None Known Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Alternate Uses: Multi-Family New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided

Listing Office: Hanna Commercial, LLC

Listing Agent: Douglas Tenenbaum

Last Updated: April - 16 - 2025

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