1520 Island Rd - Multi-Family FOR SALE


Circleville, OH 43113
$799,900 USD
614-314-5555
1520 Island Rd, Circleville, OH for Sale
$799,900 USD
Multi-Family - FOR SALE
1/93
null | Request Cap Rate

1520 Island Rd
Circleville, OH 43113


OVERVIEW

Rare 18-Acre Income-Producing Country Estate with Business Potential! Discover a one-of-a-kind property offering the perfect blend of country living, investment income, and endless possibilities just minutes from US-23 in Circleville. Whether you're seeking a private estate, hobby farm, income-producing investment, or a property to support your business, this exceptional opportunity delivers. The beautifully updated 2,600 SF barndominium features 3 bedrooms, 3 full baths, an unfinished walk-out lower level, and an oversized garage/shop with room for 8-10 vehicles, trucks, equipment, or trailers, making it ideal for a variety of business or personal uses (subject to township and zoning approval). Good possibility all or part of this property to go commercial. Also included are the original 3-bedroom, 1-bath farmhouse and a separate 1-bedroom apartment. are rented, generating rental and billboard income, providing immediate cash flow. Owner can vacate barndominium very quickly. The 18-acre property has been extensively improved within the last three years, including major mechanical updates. It features four fenced pastures, an 18' x 18' horse barn with two stalls, electric and water, making it ideal for horses, livestock, or agricultural use. Enjoy a beautiful 1.5-acre stocked lake with a dock and a 15' x 25' lakeside shelter featuring a rotisserie fireplace, perfect for entertaining, fishing, family gatherings, or simply enjoying peaceful country sunsets. With convenient access to US-23, this versatile property is well suited for contractors, excavators, landscapers, towing companies, trucking operations, agricultural businesses, or anyone needing room for equipment, trailers, and commercial vehicles (subject to township and zoning approval). Offering three residences, established income, scenic acreage, quality improvements, and exceptional flexibility, this is a rare opportunity to combine lifestyle, business, and investment.

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$308 USD /SF

# OF UNITS

1

PRICE/UNIT

$799,900

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1520 Island Rd, Circleville, OH 43113

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

18.12 AC

LAND SF

789,307 SF

ZONING

-

APN/PARCEL ID

A02-0-001-00-020-00,A02-0-001-00-023-02,A02-0-001-00-023-04,A02-0-001-00-023-05,A02-0-001-00-023-08,A02-0-001-00-024-05

ASK ABOUT THIS PROPERTY

Martha HunleyKW CommercialMore Info
614-314-5555

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Martha HunleyKW CommercialMore Info
614-314-5555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.