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    33570 Lake Rd Avon Lake, OH 44012

    For Sale
    Contact for pricing

    40+ acres of land for transformation and redevelopment on Lake Erie.

    Lot size:
    40.00 Acres

    Property Features for 33570 Lake Rd

    General Information

    Lot size
    40.00 Acres

    Source: Avison Young | Cleveland Agent Don Lydon

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

    Overview

    Lake Erie Redevelopment Opportunity

    This offering presents a unique opportunity to redevelop over 40 acres of land situated on Lake Erie. Prospective buyers are invited to submit proposals with the intention of entering into a Purchase and Sale Agreement in 2024. The purchaser will have the opportunity to participate in the finalization of Zoning, Tax Increment Financing district formation and budget, and the Development Agreement activities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Avon Lake
    County
    Lorain
    State
    Ohio
    Longitude
    -82.052842
    Latitude
    41.50377

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    FAQs

    What type of property is this?
    Land - 40+ acres of land for transformation and redevelopment on Lake Erie.
    Where is this land located?
    The property is located at 33570 Lake Rd Avon Lake, OH.
    What are key features of this property?
    This property features: - 40+ acre property on Lake Erie; - Opportunity for transformation and redevelopment; - Soliciting proposals for a Purchase and Sale Agreement in 2024
    (216) 272-1313
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    33570 Lake Rd Avon Lake, OH 44012
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    Avon Lake, OH 44012
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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
    33570 Lake Rd Avon Lake, OH 44012
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