Altair Pky - Parcel J - Westar Place 5.03 Acres of Commercial Land Offered at $1,257,500 in Westerville, OH 43082
INVESTMENT HIGHLIGHTS
- Shovel ready site in Westerville's premier business district
- Amenity rich area home to local and global companies with access to a highly skilled regional workforce
- The City of Westerville offers competitive economic incentives and prides itself on a streamlined approval process
EXECUTIVE SUMMARY
The City/WICC are in the unique position of being the “master developer” for both the highly successful Westar Place business district and the East of Africa Road business district.
The City is in the final stages of the design phase of infrastructure planning, and expects to advance $30+ million in funding for all roads and utilities through the site, connecting to the regional transportation network, with construction to begin in early 2025. Upon completion, five shovel-ready parcels will be available for development, with the potential for private site construction to run concurrent with the infrastructure construction through 2025.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,257,500 |
| Price Per AC | $250,000.00 |
| Lot Size | 5.03 AC |
Parcel J is located on the high-profile, highly-visible Cleveland Ave corridor near Polaris Parkway. The five-acre shovel-ready site is located within walking distance of amenities.
DESCRIPTION
Parcel J is located on the high-profile, highly-visible Cleveland Ave corridor near Polaris Parkway. The five-acre shovel-ready site is located within walking distance of amenities that include the Marriott Renaissance full-service hotel and conference center, Smash Park indoor/outdoor “eatertainment” facility opening in summer 2025, and restaurants including Starbucks, Bru Burger, Hot Chicken Takeover, and others. This site provides an opportunity for a 100,000+ sf Class A+ corporate headquarters to locate their next home. Boasting multiple corporate and regional headquarters, Westar Place is a premier Class A+ business district ideally located in the Westerville and the Central Ohio Region. This shovel-ready site is zoned for Class A office, with utilities in place.
PROPERTY TAXES
| Parcel Number | 317-333-01-003-002 | Improvements Assessment | $0 |
| Land Assessment | $493,330 | Total Assessment | $493,330 |
