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1641 Root Rd Lorain, OH 44052

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For Sale
$1,300,000

16.1 Acres, Prime Location, High Potential

Property Features for 1641 Root Rd

General Information

Property type
Mixed-use properties
Lot Size
701,316 SF

Building Details

Year Built
1900

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Listing Contact
Judy Wargo

Listing Agency: MAC Realty, Inc. Listing Agent: Judy Wargo

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 16.1-acre mixed-use property in Lorain, Ohio, presents a unique investment opportunity. The site boasts three parcels with significant frontage on Root Road, offering excellent visibility and accessibility. Currently featuring a residential dwelling with an attached apartment, the property's true value lies in its expansive land and strategic location. Situated near Lake Erie and directly across from a new racing car facility under construction, this area is experiencing significant growth and development. The property's proximity to I-90 ensures convenient access to major transportation routes. Existing infrastructure includes gas and water wells, a substantial holding pond, and a French drain system for efficient water management. The property is wooded, providing a natural and attractive setting. All mineral rights are included in the sale. The existing residential structures serve as a bonus, adding immediate potential for rental income or future redevelopment. This is an ideal location for a hotel/restaurant complex, with ample space for complementary boutique shops and recreational amenities. The seller is open to the possibility of additional land acquisition, making this an unparalleled opportunity to capitalize on the burgeoning development in this promising area. The asking price is $1,300,000.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lorain
County
Lorain
State
Ohio
Longitude
-82.13187
Latitude
41.46578

FAQs

What type of property is this?
Mixed-use property - 16.1 Acres, Prime Location, High Potential
Where is this mixed-use property located?
The property is located at 1641 Root Rd Lorain, OH.
What is the asking price?
The asking price for this property is $1,300,000.
More about this property
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