Repurpose/Development Opportunity in Central Ohio- 30 mins east of Columbus
Hello,
My brokerage (Shai-Hess Commercial Real Estate in Newark Ohio) has a unique property at 3500 Blacklick Eastern Road in Millersport Oh (30 mins East of Columbus). Its an estate on 101 acres. It has 3 residences on the first 30 acres including a main house, a guest house and a renovated barndominium. Also has a traditional barn. Over 12,000 sqft of livable space in total across all 3. the additional 70 acres could be developed for recreational use or possibly additional housing. I think it could be a great rural style corporate retreat, wedding venue, boutique STR etc. I'll attach a link to the property for your viewing.
https://www.shai-hess.com/Property-Listings/?propertyId=1301...
Here's the zillow link as well if you prefer
https://www.zillow.com/homes/3500-Blacklick-Eastern-Rd-NE-Mi...
I wanted to post it here so people from out of state have an opportunity to look at it. If you or anyone you know is interested please contact me
-Connor
Quote from @Connor McMahon:
Hello,
My brokerage (Shai-Hess Commercial Real Estate in Newark Ohio) has a unique property at 3500 Blacklick Eastern Road in Millersport Oh (30 mins East of Columbus). Its an estate on 101 acres. It has 3 residences on the first 30 acres including a main house, a guest house and a renovated barndominium. Also has a traditional barn. Over 12,000 sqft of livable space in total across all 3. the additional 70 acres could be developed for recreational use or possibly additional housing. I think it could be a great rural style corporate retreat, wedding venue, boutique STR etc. I'll attach a link to the property for your viewing.
https://www.shai-hess.com/Property-Listings/?propertyId=1301...
Here's the zillow link as well if you prefer
https://www.zillow.com/homes/3500-Blacklick-Eastern-Rd-NE-Mi...
I wanted to post it here so people from out of state have an opportunity to look at it. If you or anyone you know is interested please contact me
-Connor
just putting my 2 cents in from someone who built in newark ohio you are going to face appraisal issues like we did. I built two houses and got bought out of one that faced the appraisal issues. if you do build on it make sure to build below the median price out there which tends to trend around $300k for a new construction housing unit. that's tough so you have to push density at which point you run into zoning issues, lot coverage issues, etc. that's why we focus now on more urban core, midrise deals with densities that are much higher closer to the city of columbus. rents are higher, price per square foot of real estate is higher (some places in downtown columbus are selling above $600 per sq ft) which is higher than upper Arlington new builds. this is new build stats I'm talking about not existing inventory.
This is beautiful.
