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    8152 Lewis Rd Olmsted Falls, OH 44138

    Sponsored
    For Sale
    $450,000

    Prime 2.5-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.5-acre commercial land parcel is strategically located at the corner of Bagley Road and Lewis Road in Olmsted Falls, Ohio (44138). Zoned P-1 Professional and Medical District, this property offers significant development potential. The asking price is $450,000, translating to $180,000 per acre. Boasting stunning views of the Rocky River and over 272 feet of riverfront, this site presents a unique opportunity. High traffic counts, averaging 22,652 vehicles per day (according to ODOT TIMS data), ensure excellent visibility and accessibility. The property's location near established businesses such as Discount Drug Mart, Burger King, Dollar General, Pet Supplies Plus, Arby's, and Conrads Tire Express, further enhances its desirability. There's also potential for expansion to acquire an additional acre, resulting in a 3.5-acre site at a signalized intersection. This property is suitable for a variety of commercial uses, including multifamily and retail developments, making it an attractive investment opportunity in a thriving Ohio community. The Cuyahoga County location provides easy access to major transportation routes.

    Property Features for 8152 Lewis Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    108,900 SF

    HighLights

    • $450,000 asking price ($180,000/acre).
    • 272+ feet of Rocky River frontage with stunning views.
    • P‑1 Professional/Medical zoning.
    • High traffic counts: 22,652 vehicles per day (ODOT TIMS).
    • Expandable to 3.5 acres at a signalized intersection.
    • Excellent retail proximity (Discount Drug Mart, Burger King, Dollar General, and more).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Olmsted Falls
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8977589
    Latitude
    41.37316

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    FAQs

    What type of property is this?
    Multifamily property - Prime 2.5-acre commercial lot, ideal for development.
    Where is this multifamily property located?
    The property is located at 8152 Lewis Rd Olmsted Falls, OH.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price ($180,000/acre).; 272+ feet of Rocky River frontage with stunning views.; P-1 Professional/Medical zoning.
    (216) 535-4730
    Request Owner's contact information
    8152 Lewis Rd Olmsted Falls, OH 44138
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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
    8152 Lewis Rd Olmsted Falls, OH 44138
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