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    E Riv Rd And Preservation Blvd Sheffield Lake, OH

    For Sale
    $9,500,000

    Permitted sites with underground utilities in a corporate setting.

    Lot size:
    100.00 Acres

    Property Features for E Riv Rd And Preservation Blvd

    General Information

    Lot size
    100.00 Acres

    Source: Cresco Real Estate | Cleveland Agent Joseph V. Barna, SIOR

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

    Overview

    Shovel Ready Corporate Land

    This commercial land offers permitted, shovel-ready sites equipped with underground utilities, including 6,720 linear feet of road and utility improvements. Turn-key build-to-suit alternatives are available within a heavily forested corporate setting. The pro-business community offers incentives. Protective covenants are in place to ensure conformity and harmony of external designs and general quality, aligning with existing neighborhood standards and adjacent properties.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Sheffield Lake
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1015369
    Latitude
    41.48754

    Nearby Similar for Sale

    • $700,000
      Pending

      Lakefront Restaurant and Banquet Hall

      Restaurant with banquet hall, bar, and development opportunity on 1.33 acres.
      5348 E Lake Rd, Sheffield Lake, OH 44054
      View Details
    • $1,049,000
      4,850 SF

      Lakefront Executive Office Building

      Sheffield Lake, OH: Prime Office Space
      4259 Lake Rd, Sheffield Lake, OH 44054
      View Details

    FAQs

    What type of property is this?
    Land - Permitted sites with underground utilities in a corporate setting.
    Where is this land located?
    The property is located at E Riv Rd And Preservation Blvd Sheffield Lake, OH.
    What is the asking price?
    The asking price for this property is $9,500,000.
    What are key features of this property?
    This property features: - Permitted shovel ready sites with underground utilities (6,720 linear feet of road/utility improvements); - Turn key “build-to-suit” alternatives; - Pro-business community with incentives available
    (216) 520-1200
    Request Owner's contact information
    E Riv Rd And Preservation Blvd Sheffield Lake, OH
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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
    E Riv Rd And Preservation Blvd Sheffield Lake, OH
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