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    38296 Colorado Ave Avon, OH 44011

    Sponsored
    For Sale
    Contact for pricing

    Prime Avon location, I-90 visibility, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3-acre commercial land parcel presents a unique investment opportunity in Avon, Ohio. Strategically located at the intersection of Interstate 90 and State Route 611, this property boasts unparalleled highway visibility, ensuring high traffic exposure for any development. The site includes 0.6 acres previously occupied by Costa Oil and an additional 2.4 acres of developable land. This location benefits from over 78,000 vehicles passing daily on I-90, providing significant potential for commercial success. The area is anchored by a 108,000 square foot BJ's Wholesale Club, further enhancing the site's desirability. Major employers such as the Ford Assembly Plant, Cleveland Clinic, and Lubrizol Corporation are nearby, contributing to a strong and growing local economy. The property's convenient access to the prime western suburbs of Cleveland, including Avon, Avon Lake, Westlake, Sheffield, Bay Village, and Elyria, adds to its appeal. Nearby amenities include the 3,500-seat Lake Erie Crushers baseball stadium, a YMCA, and the T3 Performance Athletic Training Facility, creating a vibrant and active community atmosphere. This is an exceptional opportunity to acquire a highly visible and strategically located commercial land parcel in a thriving market.

    Property Features for 38296 Colorado Ave

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • 3‑acre commercial land parcel for sale in Avon, OH.
    • High visibility from I‑90 at SR 611 interchange.
    • Adjacent to a 108,000 SF BJ's Wholesale Club.
    • Strong surrounding demographics with major employers nearby.
    • High traffic count exceeding 78,000 vehicles daily on I‑90.
    Property Profile Location Intelligence

    Current Use by Public Records

    Costa Oil - 10 ... Oil Change Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Avon
    County
    Lorain
    State
    Ohio
    Longitude
    -82.050590049725
    Latitude
    41.463254627169

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    FAQs

    What type of property is this?
    Land - Prime Avon location, I-90 visibility, development ready.
    Where is this land located?
    The property is located at 38296 Colorado Ave Avon, OH.
    What are key features of this property?
    This property features: 3-acre commercial land parcel for sale in Avon, OH.; High visibility from I-90 at SR 611 interchange.; Adjacent to a 108,000 SF BJ's Wholesale Club.
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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
    38296 Colorado Ave Avon, OH 44011
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