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    6401 Ridge Rd Lorain, OH 44053

    Sponsored
    For Sale
    $1,360,000

    19.4 Acres, $1.36M, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 19.4-acre commercial and industrial land parcel in Lorain County, Ohio, presents a unique development opportunity. Located at 6401 West Ridge Road, Lorain, OH 44053, this property boasts outstanding freeway visibility and full interchange access, providing unparalleled exposure for any development. The asking price is $1,360,000, or $70,000 per acre. Its central location offers easy access to major transportation arteries, including Route 2, I-90, and I-80 (Ohio Turnpike), ensuring convenient connectivity for businesses and residents. The site is ideally suited for a variety of uses, including office buildings, medical campuses, retail centers, industrial facilities, and multi-family residential projects. The potential for economic incentives further enhances the attractiveness of this investment. This rare, large development parcel represents a significant opportunity to capitalize on a prime location with exceptional visibility and accessibility in a thriving area. The property's size and strategic location make it an ideal candidate for a large-scale development project. Don't miss this chance to acquire a truly exceptional piece of land in a high-demand area.

    Property Features for 6401 Ridge Rd

    General Information

    Property type
    Land
    Lot Size
    845,064 SF

    HighLights

    • High‑profile freeway visibility.
    • Full interchange access.
    • 19.4‑acre parcel for sale on freeway's south side.
    • $1,360,000 asking price; $70,000 per acre.
    • Central Lorain County location, easily accessible from Routes 2, I‑90, and I‑80.
    • Suitable for office, medical, retail, industrial, or multifamily development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.164431
    Latitude
    41.409816

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    FAQs

    What type of property is this?
    Land - 19.4 Acres, $1.36M, High Visibility
    Where is this land located?
    The property is located at 6401 Ridge Rd Lorain, OH.
    What is the asking price?
    The asking price for this property is $1,360,000.
    What are key features of this property?
    This property features: High-profile freeway visibility.; Full interchange access.; 19.4-acre parcel for sale on freeway's south side.
    Request Owner's contact information
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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
    6401 Ridge Rd Lorain, OH 44053
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