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    Millennium Blvd Cortland, OH 44410

    Sponsored
    For Sale
    $475,000

    1.238 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.238-acre commercial land parcel presents a prime investment opportunity in Cortland, Ohio. Strategically located at the signalized intersection of Elm Road and Millennium Boulevard, this site enjoys exceptional visibility and accessibility along a major retail corridor with over 28,000 vehicles passing daily. The property is an outparcel to a Super Walmart, benefiting from the significant traffic generated by this anchor tenant. Other nearby national retailers include McDonald's, Menards, Tractor Supply Co., Dollar Tree, AutoZone, and Aldi, further solidifying the area's strong retail presence and demonstrating high consumer traffic. The site's location off State Route 82 provides convenient access for customers and employees. Cortland is part of the greater Youngstown MSA, a thriving market with a population of 600,000 residents. Major employers in the area, such as Humility of Mary Health Partners (5,300 employees), General Motors (3,500 employees), and Valley Care Health System (3,400 employees), contribute to a robust local economy. Youngstown State University, with its 15,000 students, also adds to the area's vitality. The property's APN is 31-902084. This is an ideal location for a variety of commercial developments, capitalizing on the high traffic counts and established retail environment. The asking price is $475,000.

    Property Features for 0 Millennium Blvd

    General Information

    Property type
    Land
    Lot Size
    53,927 SF

    HighLights

    • 1.2‑acre parcel
    • Outparcel adjacent to a Super Walmart.
    • Strong co‑tenancy with national retailers including Walmart, McDonald's, Menards, Tractor Supply Co., Dollar Tree, AutoZone, Aldi, and numerous fast‑casual restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cortland
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.7737998
    Latitude
    41.2754102

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    FAQs

    What type of property is this?
    Land - 1.238 Acres, High-Traffic Location
    Where is this land located?
    The property is located at Millennium Blvd Cortland, OH.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 1.2-acre parcel; Outparcel adjacent to a Super Walmart.; Strong co-tenancy with national retailers including Walmart, McDonald's, Menards, Tractor Supply Co., Dollar Tree, AutoZone, Aldi, and numerous fast-casual restaurants.
    Request Owner's contact information
    Millennium Blvd Cortland, OH 44410
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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
    Millennium Blvd Cortland, OH 44410
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