17934 Ravenna Rd Chagrin Falls, OH 44023

Available for sale is a 6.4-acre parcel priced at $800,000, which equates to $125,000 per acre. An additional 2.79 acres are available for potential expansion. There is also a 10.38-acre parcel for sale on the west side for $1,300,000, or approximately $125,000 per acre, expandable up to 16.11 acres. This highway exit development site is situated on a pad adjacent to a proposed future industrial and residential development. The east side dimensions are 401 feet by 738 feet, while the west side measures 300 feet by 1,621 feet. The zoning is mixed, with the northern portion designated as B3 Motorist Services and the southern portion as B4 Office Light Industrial, with a small piece on the eastern parcel. Traffic counts, according to ODOT TIMS, show 7,092 vehicles per day on Ravenna Road Route 44 and 23,416 vehicles per day on Route 422. The location benefits from exceptionally high average household incomes of $132,149 within a 10-minute drive-time radius. A $3 million sewer project has recently been completed to support the development of the site. The property is located in close proximity to the Great Lakes Cheese project, which recently underwent a 300,000 square foot expansion, bringing 400 new jobs to the area.