High-Density Residential Development
For Sale
$119,000
4977-4985 Oberlin Avenue, Lorain, OH 44053
Over 2.5 acres with 200 feet of street frontage, zoned R-3 for high-density residential development.
Property SizeContact for details
Lot Size2.50 Acres
Days on Market826
Property Features for 4977-4985 Oberlin Avenue
General Information
Standard status
Active
Lot size
2.50 Acres
Property subtype
Land / Commercial
Zoning
R-3
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,307
Listing Agency:
Howard Hanna
(440) 223-1777
Listed By:
Richard J Piraino · License #438414
(440) 223-1777
Source:
Compass
Added: May 6, 2024
Changed: Aug 8
Last Checked: May 26 at 8:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna
Investment Insights
Based on property information with market context.
This offering is for development land in the city of Lorain, spanning more than 2.5 acres. The property includes approximately 200 feet of street frontage and a depth of about 570 feet, providing a sizable configuration for R-3 development planning.
The land is zoned R-3 for high-density residential use, with allowance stated as up to 18 units per acre. The public remarks note sewer and gas are available at the street. The property is also described as being located conveniently close to the Route 2 interchange.
Taxes totaling $2,307 per year for both lots are referenced in the remarks. The address is listed as 4977-4985 Oberlin Avenue, Lorain, OH 44053.
The land is zoned R-3 for high-density residential use, with allowance stated as up to 18 units per acre. The public remarks note sewer and gas are available at the street. The property is also described as being located conveniently close to the Route 2 interchange.
Taxes totaling $2,307 per year for both lots are referenced in the remarks. The address is listed as 4977-4985 Oberlin Avenue, Lorain, OH 44053.
Key Highlights
- Over 2.5 acres in the city of Lorain with 200 ft of street frontage and 570 ft depth
- Zoned R‑3 for high‑density residential, allowing up to 18 units per acre
- Sewer and gas available at the street
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 44053, OH
20,735
Population
9,529
Households
2.2
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
10.8 sq mi
ZIP Area
1,920
Density / Sq Mi
$65,332
Median Household Income
$43,654
Median Earnings
$827
Median Rent
$189,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Over 2.5 acres with 200 feet of street frontage, zoned R-3 for high-density residential development.
Where is this residential land & home lot located?
The property is located at 4977-4985 Oberlin Avenue Lorain, OH.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: Over 2.5 acres in the city of Lorain with 200 ft of street frontage and 570 ft depth; Zoned R‑3 for high‑density residential, allowing up to 18 units per acre; Sewer and gas available at the street
