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Faits saillants de l'investissement

  • Assemblage totaling 11.9 acres in New Albany’s Five Points Gateway corridor.
  • Area targeted for future roadway, pedestrian, and streetscape improvements per the city’s Focus Area Plan.
  • Multiple parcels create flexibility for phased redevelopment strategies or comprehensive mixed-use projects.
  • Located near the major intersection of US-62 with ongoing infrastructure planning by the City of New Albany and ODOT.
  • Within close proximity to residential neighborhoods, schools, and amenities in a high-growth submarket.
  • Strong regional accessibility to Columbus and key transportation routes.

Résumé de l'annonce

There are 11.9 acres included in this 7-parcel assemblage, 6 of which have single-family homes currently occupied. Constraints surrounding the five-points intersection calls for the city to work proactively with ODOT to acquire sufficient right-of-way to ensure that improvements remain consistent with the character of New Albany and the surrounding unincorporated areas within Plain Township. While the city owns two parcels near the intersection, only one has immediate frontage along US-62. The other surrounding parcels are privately owned. Properties are currently zoned residential. The city has delineated this area as the 'Five Points Gateway' (see page 120 of the city's Focus Area Plan dated September 2025). Website detailed in Agent to Agent comments. The intersection is a major traffic node with safety and congestion challenges. Improvements require additional right-of-way (ROW) to accommodate roadway changes, pedestrian infrastructure, and streetscape enhancements. Without ROW acquisition, upgrades could be limited or inconsistent with New Albany's design standards. The city underscores how infrastructure planning, land ownership, and intergovernmental coordination intersect. It's not just about traffic—it's about shaping the identity and livability of New Albany's growth corridor. Multi-family and industrial not permitted. Proposed uses include 1-2 SFR per acre, office, and retail.

Faits sur la propriété

Type de vente Investissement
Condition de vente Projet de redéveloppement
Nombre de lots 1
Type de propriété Terrain
Sous-type de propriété Terrain commercial
Utilisation proposée
Commerce de détail
  • Bureau
  • Maison unifamiliale
Taille totale du lot 11,90 AC
Zonage R - Residential

1 Lot disponible

Lot

Taille du lot 11,90 AC

The property includes 11.9 acres across seven parcels located along Johnstown Road in New Albany, Ohio. Six parcels contain existing single-family dwellings. The land area is zoned residential with redevelopment opportunities under study by the City.

Description

There are 11.9 acres included in this 7-parcel assemblage, 6 of which have single-family homes currently occupied. Constraints surrounding the five-points intersection calls for the city to work proactively with ODOT to acquire sufficient right-of-way to ensure that improvements remain consistent with the character of New Albany and the surrounding unincorporated areas within Plain Township. While the city owns two parcels near the intersection, only one has immediate frontage along US-62. The other surrounding parcels are privately owned. Properties are currently zoned residential. The city has delineated this area as the 'Five Points Gateway' (see page 120 of the city's Focus Area Plan dated September 2025). Website detailed in Agent to Agent comments. The intersection is a major traffic node with safety and congestion challenges. Improvements require additional right-of-way (ROW) to accommodate roadway changes, pedestrian infrastructure, and streetscape enhancements. Without ROW acquisition, upgrades could be limited or inconsistent with New Albany's design standards. The city underscores how infrastructure planning, land ownership, and intergovernmental coordination intersect. It's not just about traffic—it's about shaping the identity and livability of New Albany's growth corridor.

Relativement accessible à pied
20/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun très limités
10/100
Relativement accessible en vélo
20/100
  • ID d’inscription: 38760340

  • Date de mise sur le marché: 2025-12-12

  • Dernière mise à jour:

  • Adresse: Johnstown Road & Central College Road, New Albany, OH 43054

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