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    4071 Lake Rd Conneaut, OH 44030

    Sponsored
    For Sale
    $1,975,000

    7.6-Acre Waterfront Mobile Home Park with High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 7.6-acre waterfront property in Conneaut, Ohio presents a unique investment opportunity. Currently operating as a thriving mobile home park, the property boasts 30 lots, with 22 currently rented. Eleven lots house park-owned homes (POH) renting at $500 per month, and eleven lots house tenant-owned homes (TOH) renting at $300 per month. All lot rents are paid on a month-to-month basis. The park conveniently handles water and sewer services for all lots, and these utilities, along with electricity, are available at each of the 30 sites. The property's prime waterfront location offers breathtaking views and easy access to the lake, making it ideal for a variety of development projects. The existing infrastructure provides a solid foundation for expansion or redevelopment into a luxurious residential community, such as a subdivision or townhome development. This property is perfectly positioned for investors or developers seeking a high-return project with significant upside potential. The existing mobile home park provides immediate cash flow while offering the flexibility to transition into a higher-value residential development. This rare opportunity combines immediate income with long-term growth potential, making it an exceptional investment in a desirable location. The asking price is $1,975,000.

    Property Features for 4071 Lake Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    331,056 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Holiday Village Mobile ... Mobile Home Park

    Suggested Use

    Realty agency Restaurant Spa & Massage Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Conneaut
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.64026
    Latitude
    41.94176

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    FAQs

    What type of property is this?
    Commercial real estate - 7.6-Acre Waterfront Mobile Home Park with High Potential
    Where is this commercial real estate located?
    The property is located at 4071 Lake Rd Conneaut, OH.
    What is the asking price?
    The asking price for this property is $1,975,000.
    (440) 449-9100
    Request Owner's contact information
    4071 Lake Rd Conneaut, OH 44030
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    Conneaut, OH 44030
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4071 Lake Rd Conneaut, OH 44030
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