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0 Cooper Rd - Land Development Opportunity

7.5 Acres of Commercial Land in Westerville, OH 43081

Investment Highlights

  • Easy walking distance to Otterbein University by new pedestrian bridge.
  • Permitted uses: Office, Retail, Commercial & Residential.
  • Possible Student Housing Development.
  • Adjacent to luxury apartments.

Executive Summary

Discover a unique commercial land development opportunity in the heart of Westerville, Ohio. This 7.5-acre property, located along Cooper Rd, offers a strategic location within easy walking distance to Otterbein University, making it an ideal site for potential student housing development or a mixed-use space that could serve a variety of needs in the community. Westerville is a thriving city with a deep talent pool, a growing economy, and a high quality of life. It’s home to some of America’s leading global brands and offers a diverse business base. The city is young and educated, with a median age of 40.6 and more than 35% of those 25 and older having a bachelor’s degree or higher. The median household income in Westerville, OH in 2022 was $103,617, reflecting the economic prosperity of the area.

The property is adjacent to luxury apartments and has permitted uses for office, retail, commercial, and residential developments. Its proximity to major freeways including Interstate 270 and Interstate 71 provides excellent connectivity. The city is served by John Glenn Columbus International Airport, which is approximately 9.1 miles away. Westerville is rich in cultural amenities with landmarks like Towers Hall, Everal Barn & Homestead, First Responders Park, and Astronaut Grove. These factors combined make this property an attractive prospect for developers looking to invest in a vibrant and growing community.

Property Facts

Sale Type Investment
Sale Conditions
Build to Suit
  • Lease Option
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Storefront, Retail or Residential
Total Lot Size 7.50 AC

1 Lot Available

Lot

Lot Size 7.50 AC

LOT SALE PRICE: SUBJECT TO OFFERS

Description

Development opportunity with easy walking distance to Otterbein University by new pedestrian bridge. Possible student housing development in a rapid growing area.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
080-011862
Land Assessment
$444,115
Improvements Assessment
$0
Total Assessment
$444,115

zoning

Zoning Code PD (Planned Development)
PD (Planned Development)
  • Listing ID: 26469697

  • Date on Market: 8/23/2022

  • Last Updated:

  • Address: 0 Cooper Rd, Westerville, OH 43081

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