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    2500 Tracy Rd Northwood, OH 43619

    For Sale
    $300,000

    Prime 1-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1-acre commercial lot, located at 2500 Tracy Road in Northwood, Ohio (Wood County, zip code 43619), is offered at $300,000. The property is zoned for commercial use (APN: M50-+300-2400000010000) and presents a unique build-to-suit opportunity. Its strategic location provides excellent accessibility, being just half a mile from Interstate 75, ensuring high visibility and convenient access for businesses and customers. The property is agent-owned and is available for a 1031 exchange, making it an attractive investment option. Furthermore, the location benefits from available local economic development incentives, potentially reducing development costs and offering significant financial advantages to the buyer. This parcel represents a rare chance to develop a commercial property in a thriving area with strong infrastructure and supportive local government initiatives. The property's convenient location and build-to-suit potential make it an ideal investment for developers seeking a prime location to construct a new commercial building tailored to their specific needs. Serious inquiries are encouraged.

    Property Features for 2500 Tracy Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • Build‑to‑Suit Opportunity
    • Excellent I‑75 Visibility (1/2 mile proximity)
    • Qualified for Local Economic Development Incentives
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Nail Salon Building Supply Pharmacy Auto Repair Shop Wholesale Shop Kitchen & Bath Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Northwood
    County
    Wood
    State
    Ohio
    Longitude
    -83.5284461
    Latitude
    41.6086763

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    FAQs

    What type of property is this?
    Land - Prime 1-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at 2500 Tracy Rd Northwood, OH.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Build-to-Suit Opportunity; Excellent I-75 Visibility (1/2 mile proximity); Qualified for Local Economic Development Incentives
    Request Owner's contact information
    2500 Tracy Rd Northwood, OH 43619
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    Northwood, OH 43619
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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
    2500 Tracy Rd Northwood, OH 43619
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