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    1847 Ridge Rd Painesville, OH 44077

    Sponsored
    For Lease
    Contact for pricing

    10.6 Acres, Single Tenant Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.6-acre commercial land parcel presents a unique investment opportunity in Painesville, Ohio. Located at 1847 N. Ridge Rd, this single-tenant property offers significant development potential for a variety of commercial uses. The expansive lot size provides ample space for construction, ensuring flexibility in design and functionality. Situated in Lake County, this property benefits from convenient access to major transportation routes, enhancing its appeal to businesses seeking a strategic location. The address is 1847 N Ridge Rd, Painesville, OH 44077. The property is zoned for commercial use (zoning information should be independently verified). Utilities are available (specific utility availability should be independently verified). This prime location offers excellent visibility and accessibility, making it an ideal site for businesses seeking to establish a strong presence in the Painesville market. The property is being offered for lease, presenting a compelling opportunity for long-term growth and return on investment. Interested parties are encouraged to conduct their own due diligence to confirm all aspects of the property and its suitability for their intended use. The geographical coordinates are 41.7492177 latitude and -81.2102111 longitude. This is a blank canvas for your next commercial venture.

    Property Features for 1847 Ridge Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Painesville
    County
    Lake
    State
    Ohio
    Longitude
    -81.2102111
    Latitude
    41.7492177

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    FAQs

    What type of property is this?
    Land - 10.6 Acres, Single Tenant Potential
    Where is this land located?
    The property is located at 1847 Ridge Rd Painesville, 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
    1847 Ridge Rd Painesville, OH 44077
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