10550 Johnstown Road, New Albany, OH 43054

New Listing
$7,800,000
Property Type: Land/Farm Lot Size (sq. ft.): 518,364 Status: Active
Current Price: $7,800,000 List Date: 12/12/2025 Last Modified: 12/13/2025

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.

Supplements: ********

More Information MLS# 225045415

Location & Property Info

List Price/Acre: 655462.18 City (Mailing Addr): New Albany Corp LimitPerAuditor: New Albany

Office/Contract Info

For Sale: Yes For Exchange: No For Lease: No

General Property Info

Minimum Acreage: 11.9 Maximum Acreage: 11.9 Built Prior to 1978: Yes Residential Dwelling/Other Structure Y/N: Yes # of Dwellings: 6 Acreage: 11.9

Tax Info

Zoning: R Multiple Parcels: Yes Addl Parcel Numbers: 222-000330-00, 222-000396-00, 222-000379-00, 222-000644-00, 222-000378-00, 222-000311-00 Tax Abatement: No Taxes (Yrly): 3057 Parcel #: 222-000400 Tax Year: 2024

Remarks & Misc

Property 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.

Income/Expenses

Gross Income: 0 Net Operating Income: 0 Total Expenses: 0

Addl Acceptance Cond

None Known: 1

Services Available

Electricity Available: 1 Natural Gas Available: 1

Auction Info

Auction/Online Bidding Y/N: No

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 7800000 List Price: $7,800,000 Property Sub Type: Development Street #: 10550 Street Name: Johnstown Street Suffix: Road County: Franklin State: OH Zip Code: 43054 School District: NEW ALBANY PLAIN LSD 2508 FRA CO. Township: Plain

OfficeContract Info

Status: Active MLS Entry Date: 2025-12-11

Property Features

Addl Acceptance Cond: None Known Services Available: Electricity Available; Natural Gas Available MLS Primary PhotoSrc: Realtor Provided
Listing Office: Parker Realty Associates
Listing Agent: Darlene M Kuzmic
Last Updated: December - 13 - 2025
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2025 Columbus Board of Realtors. All rights reserved.