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    34600 Chester Rd Avon, OH 44011

    For Sale
    $5,999,000

    Prime 23-acre commercial lot in Avon, Ohio.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 23-acre commercial land parcel, located at 34600 Chester Road in Avon, Ohio (Lorain County, zip code 44011), presents a unique investment opportunity. The property boasts a generous lot size of 23.16 acres (1,008,849 square feet) and is zoned C-4/M-1/O-2, allowing for a variety of business, office, and industrial uses. Its strategic location offers excellent accessibility, with a daily traffic count of 11,443 vehicles on nearby I-90. The property's 2015 taxes were $1,801 per acre ($0.04 per square foot). A Phase One environmental assessment was conducted in 2016. This expansive site is ideal for developers seeking a large-scale project in a thriving Ohio community. The asking price for this remarkable property is $5,999,000. Serious inquiries only.

    Property Features for 34600 Chester Rd

    General Information

    Property type
    Land
    Lot Size
    1,001,880 SF

    HighLights

    • Lot Size: 23.16 acres (1,008,849 sq ft)
    • Property Location: Avon, OH (Lorain County)
    • 2015 Taxes: $1,801/acre ($0.04/sq ft)
    • Zoning: C‑4/M‑1/O‑2
    • Business/Office/Industrial Zoning
    • Phase I Environmental Assessment: 2016
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Avon
    County
    Lorain
    State
    Ohio
    Longitude
    -81.9967023
    Latitude
    41.4679678

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    FAQs

    What type of property is this?
    Land - Prime 23-acre commercial lot in Avon, Ohio.
    Where is this land located?
    The property is located at 34600 Chester Rd Avon, OH.
    What is the asking price?
    The asking price for this property is $5,999,000.
    What are key features of this property?
    This property features: Lot Size: 23.16 acres (1,008,849 sq ft); Property Location: Avon, OH (Lorain County); 2015 Taxes: $1,801/acre ($0.04/sq ft)
    Request Owner's contact information
    34600 Chester Rd Avon, OH 44011
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    Avon, OH 44011
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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
    34600 Chester Rd Avon, OH 44011
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