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    Technology Ln Medina, OH 44256

    Sponsored
    For Sale
    $295,000

    19.51 Acres, Innovation Park

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 19.51-acre commercial land parcel in Medina, Ohio, presents a unique investment opportunity. Located within the Innovation Park Planned Unit Development (IPUD), this property boasts 891 feet of frontage and 825 feet of depth on Technology Lane. The site offers immediate access to all essential utilities, including sewer and water. Its strategic location just south of Medina's industrial park provides excellent access to transportation networks, with Interstate 76 and Routes 3/224 conveniently located seven miles away. The property is zoned for a variety of uses, including research and development, corporate headquarters, computer systems design, educational institutions, electronic assembly and research, laboratories, professional activities, accessory buildings, light manufacturing and assembly, and data centers. Significant tax incentives are available through the Community Reinvestment Area (CRA). A completed geotechnical study is available, and the property's location within an Opportunity Zone adds further investment appeal. The asking price is $295,000, translating to approximately $15,120 per acre. Annual property taxes are $4,488. This prime location and versatile zoning make this property ideal for a wide range of commercial developments.

    Property Features for 0 Technology Ln

    General Information

    Property type
    Land
    Lot Size
    849,856 SF

    HighLights

    • 19.51‑acre commercial land parcel available in Medina, Ohio.
    • $15,120 per acre.
    • 891 feet of frontage on Technology Lane.
    • 825 feet deep.
    • All utilities available on‑site.
    • Zoned for Innovation Park Planned Unit Development (IPUD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Medina
    County
    Medina
    State
    Ohio
    Longitude
    -81.90213
    Latitude
    41.10276

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    FAQs

    What type of property is this?
    Land - 19.51 Acres, Innovation Park
    Where is this land located?
    The property is located at Technology Ln Medina, OH.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 19.51-acre commercial land parcel available in Medina, Ohio.; $15,120 per acre.; 891 feet of frontage on Technology Lane.
    (330) 722-5002
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    Technology Ln Medina, OH 44256
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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
    Technology Ln Medina, OH 44256
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