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    2155 Hubbard Rd Pepper Pike, OH 44124

    For Sale
    $375,000

    8.13 Acres, R-4 Zoning, $375,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8.13-acre commercial land parcel, located at 2155 Hubbard Rd in Pepper Pike, Ohio (zip code 44124), presents a unique investment opportunity. The property, identified by APN 01-B-096-0-00-004-0, is zoned R-4: Multiple Dwellings District, offering significant development potential. According to the Use Regulations for R-4 zoned areas as of January 1st, 1996, permitted uses may include those allowed in R-1, R-2, and R-3 single-family districts. This opens the door to a variety of residential development options. Specifically, the zoning allows for a residential condominium development, any type of dwelling unit providing housing for two or more families, and accessory buildings or uses customarily incidental to these primary uses, such as storage garages. The property's prime location in Lake County, Ohio, offers easy access to major transportation routes and amenities. The asking price for this expansive land parcel is $375,000. This represents a compelling opportunity for developers seeking to capitalize on the demand for multi-family housing in a desirable location. Serious inquiries are encouraged to explore the full potential of this remarkable property.

    Property Features for 2155 Hubbard Rd

    General Information

    Property type
    Land
    Lot Size
    354,143 SF

    HighLights

    • R‑4 zoning allows uses permitted in R‑1, R‑2, and R‑3 zones (as of 1/1/1996).
    • Residential condominium development allowed.
    • Multi‑family dwelling units permitted.
    • Accessory buildings, such as storage garages, are permitted with multi‑family dwellings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pepper Pike
    County
    Lake
    State
    Ohio
    Longitude
    -81.460856
    Latitude
    41.4932198

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    FAQs

    What type of property is this?
    Land - 8.13 Acres, R-4 Zoning, $375,000
    Where is this land located?
    The property is located at 2155 Hubbard Rd Pepper Pike, OH.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: R-4 zoning allows uses permitted in R-1, R-2, and R-3 zones (as of 1/1/1996).; Residential condominium development allowed.; Multi-family dwelling units permitted.
    Request Owner's contact information
    2155 Hubbard Rd Pepper Pike, OH 44124
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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
    2155 Hubbard Rd Pepper Pike, OH 44124
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