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10087 Johnstown Rd - Welcome to the New Albany Retail Corridor

1.92 Acres of Commercial Land Offered at £978,063 in New Albany, OH 43054

Investment Highlights

  • 25,000 Vehicles Per Day on US-62 & 63,000 VPD on 161-Expwy West of US-62
  • Limited availability within this Retail Corridor
  • 1.92 acres Zoned Commercial Use

Executive Summary

High growth and high desirability: ZONED COMMERCIAL. Located in the New Albany US-62 retail corridor - serving The New Albany International Business Park (INTEL & more). This 1.92 acre parcel is located 0.6 miles from the 161/62 Interchange. 25k VPD on US-62 & 63K VPD on 161-Expwy west of US-62 (2022). Exponential growth in the immediate area of this parcel is expected over the next 5 years. Within this retail corridor - significantly limited land availability exists. All Utilities across the street. Electric on site. Per ''The New Albany Strategic Plan 2020'' the parcel directly adjacent to the South (owner: The New Albany Company, see ''Future Land Use Map'') proposed that a city street be added through the adjoining parcel - making the subject parcel likely a corner lot.

Property Facts

Price £978,063
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Bank
  • Daycare Centre
  • Drugstore
  • Fast Food
  • Office Park
  • Restaurant
Total Lot Size 1.92 AC

1 Lot Available

Lot

Price £978,063
Price Per AC £509,408
Lot Size 1.92 AC

Description

This 1.92 acres of land is located on US 62 in the retail corridor of the highly desirable New Albany. This corridor serves the growing city and the New Albany International Business Park: one of the largest strategically-planned business parks in the country. Part of the Business Park is Intel’s planned $20 billion+ manufacturing project, as well as other impressive tech companies such as Google, Meta, Amazon and more! The “Silicon Heartland” is bringing new jobs, significant investment and groundbreaking technology with an influx of vehicles per day to US 62 in New Albany. This business park development already underway will benefit the US 62 retail corridor for decades to come. Exponential growth in the surrounding area is expected over the next 5 years. But New Albany isn’t just about work - it’s a wonderful place to call home. The town has a thriving community, with cafes, shops, highly rated schools system, and parks. The median household income is $206,130 and the median house value is $531,700. The residents of New Albany are well-educated - over 76% have a bachelor’s degree or higher. All in all, New Albany is a fantastic place to live, work, and play in Ohio’s Silicon Heartland.

zoning

Zoning Code Retail/Office (Office or Retail to support New Albany International Business Park and Intel. 1.92 acres - Office, Bank, Day Care, Auto, Retail, Food, Shopping, etc)
Retail/Office (Office or Retail to support New Albany International Business Park and Intel. 1.92 acres - Office, Bank, Day Care, Auto, Retail, Food, Shopping, etc)
  • Listing ID: 30753758

  • Date on Market: 24/01/2024

  • Last Updated:

  • Address: 10087 Johnstown Rd, New Albany, OH 43054

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