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    240 Highland Rd Macedonia, OH 44056

    For Sale
    $585,000

    High-traffic retail land, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.9-acre parcel at 240 Highland Rd, Macedonia, OH 44056, presents a prime opportunity for retail development. Located in the B-4 Highway Business District, the property boasts ±136 feet of frontage on Highland Road and ±165 feet on SR-8, offering unparalleled visibility to over 35,000 vehicles daily. The site's strategic position between I-271 and SR-8 provides exceptional highway access, with the I-271 North on-ramp just 0.2 miles away, the South on-ramp 0.6 miles, and the SR-8 and SR-82 intersection only 1.2 miles distant. A former motel has been removed, leaving the land cleared and ready for immediate construction. The depth of the lot is approximately 340 feet. Permitted uses under the B-4 zoning include public garages, auto repair shops, gas stations, car washes, motels/hotels, and restaurants. This location, on the southwest side of SR-8, is particularly well-suited for quick-service restaurants (QSRs), especially coffee shops, given its proximity to the I-271 on-ramp. The asking price for this highly desirable property is $585,000. Don't miss this chance to capitalize on this exceptional retail location.

    Property Features for 240 Highland Rd

    General Information

    Property type
    Land
    Lot Size
    39,204 SF

    HighLights

    • 0.90‑acre parcel available.
    • 136' frontage on Highland Road and 165' frontage on SR‑8.
    • Lot depth of approximately 340'.
    • SR‑8 traffic count: approximately 35,000 vehicles daily.
    • B‑4 Highway Business zoning.
    • Excellent visibility and access from Highland Road and SR‑8.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Knights Inn Macedonia Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply 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
    Macedonia
    County
    Summit
    State
    Ohio
    Longitude
    -81.5174279
    Latitude
    41.2984142

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    FAQs

    What type of property is this?
    Land - High-traffic retail land, ready to build.
    Where is this land located?
    The property is located at 240 Highland Rd Macedonia, OH.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: 0.90-acre parcel available.; 136' frontage on Highland Road and 165' frontage on SR-8.; Lot depth of approximately 340'.
    (330) 722-5002
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    240 Highland Rd Macedonia, OH 44056
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    Macedonia, OH 44056
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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
    240 Highland Rd Macedonia, OH 44056
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