4926 US Highway 42 - Commercial LAND FOR SALE


Mount Gilead, OH 43338 3,327,548 SF
$1,450,000 USD
937-360-9952
4926 US Highway 42, Mount Gilead, OH for Sale
$1,450,000 USD
Commercial LAND - FOR SALE
1/1
3,327,548 SF

4926 US Highway 42
Mount Gilead, OH 43338


HIGHLIGHTS

  • Long-term appreciation opportunity tied to Columbus metro expansion
  • Versatile acreage supporting multiple exit strategies (farm, residential, or mixed use)
  • Positioned along a key regional growth corridor with ongoing in-migration from Franklin and Delaware Counties

OVERVIEW

Exceptional 76-acre farm and residential property located just south of Mount Gilead along State Route 42. This well-maintained rural estate includes a farmhouse in good condition, three large barns, and a full workshop with power. The property offers an ideal blend of productive farmland and well-improved residential acreage suitable for agricultural, residential, residential development, or long-term investment use. Key Highlights • Total Acreage: 76.396 acres across three parcels • 72 acres enrolled in CAUV (Current Agricultural Use Valuation) • 5 acres of improvements, residence, and limited wooded area • Three barns and a powered workshop providing significant utility and storage capacity • Convenient frontage and access along State Route 42 • Located just minutes from Mount Gilead and I-71 • Ideal for agricultural operation, estate living, or long-term land investment Emerging Market Trend – Morrow County Growth The population growth rate for Morrow County falls into the upper third of all Ohio counties. For a primarily rural county, this rate of expansion is well above average and driven by the area’s proximity to Columbus, one of the fastest-growing metro regions in the Midwest. Over the past two decades, a growing share of Franklin and Delaware County residents have relocated to Morrow County for its affordability and rural environment while continuing to commute to jobs in the capital region. This migration trend is expected to continue for at least the next twenty years. The resulting change in population and culture is expected to increase demand for single-family residential development, multi-family housing, retail, and supporting service businesses, positioning Morrow County—and this corridor along State Route 42—as an area of long-term growth and investment potential. Investment Highlights • Stable agricultural income potential under CAUV program • Long-term appreciation opportunity tied to Columbus metro expansion • Versatile acreage supporting multiple exit strategies (farm, residential, or mixed use) • Positioned along a key regional growth corridor with ongoing in-migration from Franklin and Delaware Counties Location - Just 40 miles north of Columbus, Mount Gilead is strategically positioned between the Columbus and Mansfield markets. The area offers convenient access to I-71, providing a direct connection to Columbus, Cleveland, and Cincinnati markets while maintaining a quiet rural character.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/ACRE

$18,982/AC

PRICE/SF

$0.44 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Lust Family Farm | Development Opportunity

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Single Family Development, Agricultural, Single Family Residence

LAND ACRES

76.39 AC

LAND SF

3,327,548 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas

ZONING

111

APN/PARCEL ID

G19-001-00-230-00

ASK ABOUT THIS PROPERTY

Patrick WilliamsColdwell Banker Commercial | HeritageMore Info
937-360-9952

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Patrick WilliamsColdwell Banker Commercial | HeritageMore Info
937-360-9952

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