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2345 Demorest Rd

11 Acres of Residential Land Offered at $2,376,000 in Grove City, OH 43123

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Investment Highlights

Approximately 11 acres contiguous to City of Columbus
Level site with water and sanitary in immediate area
Located in southwest Columbus/Grove City submarket, just north of Big Run South Rd and south of Alkire Rd and I-270

Ideal Multifamily Development Site eligible for Citywide CRA in City of Columbus
Less than a mile to South-Western CSD HS, MS, Intermediate School and Elementary School

Executive Summary

Approximately 11 +/- acres (to be split out of larger 19.926-acre parcel) in Jackson Twp, Franklin Co, contiguous to City of Columbus, an ideal site to be annexed and zoned for multifamily development and eligible for the Citywide CRA. South-Western CSD. Water and Sanitary in the immediate area. Less than a mile drive to South-Western Central Crossing High School, Pleasant View Middle School, Holt Crossing Intermediate School, Bolton Crossing Elementary and South-Western Career Academy. Located in southwest Columbus/Grove City submarket, just north of Big Run South Rd and south of Alkire Rd and I-270. Average Daily Traffic Count (2023): 6,812. Level topography.
Strong Demos:
1-mile: 8,969 population, $100K Ave HH Income; $82.4K Med HH Income
3-mile: 86,79 4population, $85.4K Ave HH Income; $67.6K Med HH Income
5-mile: 180,736 population, $87K Ave HH Income; $70K Med HH Income.

2345 Demorest Rd Land Brochure 2024HHCRE Final

Property Facts

Price	$2,376,000	Property Type	Land
Sale Type	Investment or Owner User	Property Subtype	Residential
No. Lots	1	Total Lot Size	11.00 AC

Price	$2,376,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	11.00 AC

1 Lot Available

Lot

Price	$2,376,000	Lot Size	11.00 AC
Price Per AC	$216,000

Price	$2,376,000
Price Per AC	$216,000
Lot Size	11.00 AC

Approximately 11 +/- acres (to be split out of larger 19.926-acre parcel) in Jackson Twp, Franklin Co, contiguous to City of Columbus

Description

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

zoning

Zoning Code	SR Semi-Rural Residential (Zoned SR in Jackson Twp. Proosed Zoning after annexing to City of Columbus is AR-1, up to 36.3 du/ac or ARLD, up to 17.4 du/ac)
SR Semi-Rural Residential (Zoned SR in Jackson Twp. Proosed Zoning after annexing to City of Columbus is AR-1, up to 36.3 du/ac or ARLD, up to 17.4 du/ac)