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    3637 State Route 5 Cortland, OH 44410

    Sponsored
    For Sale
    $399,000

    High-return investment opportunity in Cortland, Ohio.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 3637 State Route 5 in Cortland, Ohio (zip code 44410), presents a compelling investment opportunity. Situated on a 0.459-acre lot, this special-purpose property boasts a prime location near the intersection of State Route 5 and State Route 46, adjacent to a McDonald's. The property currently houses four long-term tenants within a 1500 square foot space, offering immediate rental income. An additional 1500 square feet is available for lease, presenting a significant opportunity to increase revenue streams. Recent improvements include a new roof, exterior updates, skylights, and new flooring throughout most of the building. Interior upgrades also include the installation of chair lifts. This well-maintained building offers a turnkey investment opportunity with strong existing tenancy and significant potential for future growth. The property is ready for immediate occupancy and offers a high return on investment. This is an exceptional opportunity for investors seeking a stable and profitable commercial property in a high-traffic location.

    Property Features for 3637 State Route 5

    General Information

    Property type
    Land
    Lot Size
    19,994 SF

    HighLights

    • Exceptional commercial property investment opportunity in Cortland, OH (44410).
    • 0.459‑acre lot at SR 5 & SR 46 intersection, adjacent to McDonald's.
    • 1,500 SF occupied by four long‑term tenants, plus 1,500 SF available for lease.
    • Recent improvements include new roof, exterior updates, skylights, and new flooring; chair lifts installed.
    • Turnkey investment with high ROI and strong existing tenancy in high‑traffic location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cortland
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.7322794
    Latitude
    41.3175156

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    FAQs

    What type of property is this?
    Land - High-return investment opportunity in Cortland, Ohio.
    Where is this land located?
    The property is located at 3637 State Route 5 Cortland, OH.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Exceptional commercial property investment opportunity in Cortland, OH (44410).; 0.459-acre lot at SR 5 & SR 46 intersection, adjacent to McDonald's.; 1,500 SF occupied by four long-term tenants, plus 1,500 SF available for lease.
    Request Owner's contact information
    3637 State Route 5 Cortland, OH 44410
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    Cortland, OH 44410
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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
    3637 State Route 5 Cortland, OH 44410
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