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    2200 Cooper Foster Park Rd Lorain, OH 44053

    Sponsored
    For Sale
    $3,150,000

    25.51 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 25.51-acre commercial land parcel presents a unique investment opportunity in Lorain, Ohio's thriving Amherst retail corridor. Located at 2200-2250 Cooper Foster Park Rd, 44053, this high-profile site boasts excellent visibility and accessibility. The property is divisible into three separate parcels, offering flexibility for various development scenarios. Parcel 1 (2 acres) and Parcel 3 (12.85 acres) are zoned B2 General Business District, while Parcel 2 (10.66 acres) is zoned B1 General Business District. Dimensions are: Total (25.51 AC): 727’ x 1,462’

    Property Features for 2200 Cooper Foster Park Rd

    General Information

    Property type
    Land
    Lot Size
    1,111,216 SF

    HighLights

    • $3,150,000 asking price for the entire 25.51‑acre parcel, or individual parcels available.
    • 25.51‑acre site divisible into three parcels: Parcel 1 (2 acres), Parcel 2 (10.66 acres), and Parcel 3 (12.85 acres). Dimensions provided for each parcel.
    • Parcel zoning: Parcel 1 & 3: B2 General Business; Parcel 2: B1 General Business.
    • High traffic counts: Cooper Foster Park Road (11,816 VPD), Leavitt Road (28,723 VPD) (ODOT data).
    • Excellent location with strong retail synergy; nearby national retailers include Walmart, Meijer, Home Depot, Kohl's, Giant Eagle, Aldi, Tractor Supply, and Michaels. Numerous restaurants also nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.203719901631
    Latitude
    41.418322171672

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    FAQs

    What type of property is this?
    Land - 25.51 Acres, Prime Development Site
    Where is this land located?
    The property is located at 2200 Cooper Foster Park Rd Lorain, OH.
    What is the asking price?
    The asking price for this property is $3,150,000.
    What are key features of this property?
    This property features: $3,150,000 asking price for the entire 25.51-acre parcel, or individual parcels available.; 25.51-acre site divisible into three parcels: Parcel 1 (2 acres), Parcel 2 (10.66 acres), and Parcel 3 (12.85 acres). Dimensions provided for each parcel.; Parcel zoning: Parcel 1 & 3: B2 General Business; Parcel 2: B1 General Business.
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    2200 Cooper Foster Park Rd Lorain, OH 44053
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    Lorain, OH 44053
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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
    2200 Cooper Foster Park Rd Lorain, OH 44053
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