10550 Johnstown Road New Albany, OH — $7,800,000

10550 Johnstown Road | New Albany

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 \u0027Five Points Gateway\u0027 (see page 120 of the city\u0027s 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\u0027s design standards. The city underscores how infrastructure planning, land ownership, and intergovernmental coordination intersect. It\u0027s not just about traffic\u2014it\u0027s about shaping the identity and livability of New Albany\u0027s growth corridor. MLSNow 5177123 Directions to property: Between Central College \u0026 Forest Drive