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    5940 Mayfield Rd Mayfield Heights, OH 44124

    Sponsored
    For Sale
    Contact for pricing

    13.5 Acres, Mixed-Use Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13.548-acre land parcel, located at 5940 Mayfield Rd in Mayfield Heights, Ohio (APN: 86124069, 86128048, 86128049, zip code 44124), presents a unique opportunity for mixed-use development. Situated in a densely populated eastern suburb, this property offers significant leasing potential. The site boasts up to approximately six acres of prime commercial land, ideal for a retail anchor. Further development possibilities include medical office space and senior living facilities. This is the largest undeveloped land parcel in the immediate area. The property is zoned U-4 and benefits from the recent addition of several prominent tenants, including Starbucks, Raising Cane's, Verizon, and a Sheetz gas station. This strategic location and the presence of established businesses create a compelling investment opportunity with strong potential for future growth and high returns. The property's size and zoning allow for a variety of development options, catering to a diverse range of commercial needs. This is a rare chance to acquire a substantial land holding in a thriving Ohio community.

    Property Features for 5940 Mayfield Rd

    General Information

    Property type
    Land
    Lot Size
    590,151 SF

    HighLights

    • $0 Asking Price.
    • 13.548‑acre land parcel.
    • U‑4 zoning.
    • Located at 5940 Mayfield Rd, Mayfield Heights, OH 44124 (APN: 86124069, 86128048, 86128049).
    • Mixed‑use development potential with significant leasing opportunities.
    • New tenants include Starbucks, Raising Cane's, Verizon, and Sheetz.
    Property Profile Location Intelligence

    Current Use by Public Records

    O'Reilly Auto Parts Auto Parts Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    Mayfield Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.4649304
    Latitude
    41.5196041

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 13.5 Acres, Mixed-Use Development Potential
    Where is this land located?
    The property is located at 5940 Mayfield Rd Mayfield Heights, OH.
    What are key features of this property?
    This property features: $0 Asking Price.; 13.548-acre land parcel.; U-4 zoning.
    (216) 861-5349
    Request Owner's contact information
    5940 Mayfield Rd Mayfield Heights, OH 44124
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    Mayfield Heights, 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
    5940 Mayfield Rd Mayfield Heights, OH 44124
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