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    Oh-7 Andover, OH 44003

    For Sale
    $245,000

    Prime 4.87-acre commercial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4.87-acre commercial land parcel, located in Conneaut, Ohio, presents a unique investment opportunity. Situated near I-90, Exit 241, this corner lot boasts 302 feet of frontage on Route 7 and approximately 665 feet on West Under Ridge Road, with additional frontage on Center Road. Zoned B-1 Highway Service Business District, the property offers excellent visibility and accessibility. A recent wetlands delineation and jurisdictional determination are available, simplifying the development process. Approximately 2.36 acres in the center of the property are usable without wetland permits. The property benefits from its proximity to thriving businesses, including Love's Travel Stop, McDonald's, Subway, Truck World, and Burger King. All utilities are available at the street. While offering significant potential for various commercial uses, a restrictive covenant prohibits retail convenience stores, truck stops, gas stations, fuel processing, wholesale, and distribution facilities. Conneaut's strategic location in northeastern Ohio, near Lake Erie and major transportation routes, provides access to a substantial market. The city's coastal setting and attractions, including fishing and wineries, add to its appeal. The asking price is $245,000, translating to $51,292 per acre. The APN is 123160002600. This property is for sale by owner.

    Property Features for 0 Oh-7

    General Information

    Property type
    Land
    Lot Size
    212,137 SF

    HighLights

    • I‑90 Corridor, Exit 241, last Ohio exit before Pennsylvania.
    • Access from three roads.
    • Excellent potential for restaurant, fast food, or hospitality uses.
    • Significant recent nearby development.
    • Adjacent to Love's, McDonald's, and Subway.
    • Across from Truck World, Maverick's Bistro, and Burger King.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Andover
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.568946852782
    Latitude
    41.912414077204

    Nearby Comparable

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      Prime Commercial Land Near I-90

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      Conneaut, OH Commercial Land

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      Conneaut Land with Pole Building

      3.8-acre parcel with pole building near Route 7.
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      Conneaut Commercial Property & Home

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      4.1 Acres Commercial Land Available

      4.1 acres of commercial land, conveniently located near I-90.
      574 Center Rd, Conneaut, OH 44030
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    FAQs

    What type of property is this?
    Land - Prime 4.87-acre commercial lot
    Where is this land located?
    The property is located at Oh-7 Andover, OH.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: I-90 Corridor, Exit 241, last Ohio exit before Pennsylvania.; Access from three roads.; Excellent potential for restaurant, fast food, or hospitality uses.
    (440) 624-4032
    Request Owner's contact information
    Oh-7 Andover, OH 44003
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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
    Oh-7 Andover, OH 44003
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