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    510 River St Madison, OH 44057

    For Sale
    $595,000

    Prime 0.8-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 0.8-acre commercial land parcel, located at 510 River St, Madison, OH 44057 (APN 02A002000008), presents a remarkable investment opportunity. Zoned B-4, Freeway Business, this property boasts 125 feet of frontage on River Street (SR 528) and is ideally situated in a thriving area experiencing significant new business development. All utilities are conveniently located on-site. The property's strategic location offers easy access to Interstate 90 and State Route 84, providing excellent connectivity and visibility. Nearby businesses include Sheetz, Meyer's Mentor RV, Great Lakes Power, and Love's Travel Stop with Arby's, highlighting the area's commercial vibrancy. Its proximity to numerous wineries further enhances its appeal. This vacant land is perfect for a variety of commercial ventures, capitalizing on the high traffic count and strong regional growth. The asking price for this exceptional property is $595,000. Don't miss this chance to secure a prime location in a rapidly developing commercial corridor.

    Property Features for 510 River St

    General Information

    Property type
    Land
    Lot Size
    34,848 SF

    HighLights

    • $595,000 asking price.
    • 0.8‑acre commercial land parcel.
    • B‑4, Freeway Business zoning.
    • All utilities on‑site.
    • 125 feet of frontage on River Street (SR 528).
    • Excellent location near I‑90, SR 84, and numerous businesses including Sheetz, Meyer's Mentor RV, Great Lakes Power, and Love's Travel Stop with Arby's.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Lake
    State
    Ohio
    Longitude
    -81.047585780731
    Latitude
    41.762293642776

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    FAQs

    What type of property is this?
    Land - Prime 0.8-acre commercial lot.
    Where is this land located?
    The property is located at 510 River St Madison, OH.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: $595,000 asking price.; 0.8-acre commercial land parcel.; B-4, Freeway Business zoning.
    (440) 255-5552
    Request Owner's contact information
    510 River St Madison, OH 44057
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    Madison, OH 44057
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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
    510 River St Madison, OH 44057
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