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    46802 Us-20 Oberlin, OH 44074

    For Sale
    $900,000

    Prime Ohio land, build your dream home.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 13.2-acre residential land parcel in Oberlin, Ohio, presents a unique opportunity for discerning buyers. Located on US Highway 20, the property boasts an R1A zoning designation, allowing for residential development. The land features a charming existing single-family cottage and a serene pond, adding to its idyllic appeal. Enjoy the tranquility of a deep lot set back from the highway, surrounded by lush greenery. The property's prime location borders the Oberlin Western Reserve Land Conservancy and is adjacent to Lorain County Metro Parks, providing unparalleled access to nature trails and recreational amenities. Proximity to historic downtown Oberlin (within 3 miles) offers convenient access to shopping and restaurants. Utilities including septic, well, electric, and gas are available, with future public sewer and water tie-in possibilities. The favorable market conditions make this a compelling investment for new construction, fee simple ownership, or single-family home development. The APN is 14-00-014-000-002. This is a rare chance to own a significant piece of land in a highly sought-after location. Asking price is $900,000.

    Property Features for 46802 Us-20

    General Information

    Property type
    Land
    Lot Size
    574,992 SF

    HighLights

    • Prime US Highway 20 location in Oberlin, OH.
    • Residential development opportunity on 13.2 acres.
    • 3 miles to historic downtown Oberlin and amenities.
    • R1A residential zoning.
    • Existing utilities (septic, well, electric, gas); future public sewer/water.
    • Adjacent to Oberlin Western Reserve Land Conservancy and Lorain County Metro Parks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oberlin
    County
    Lorain
    State
    Ohio
    Longitude
    -82.2332911
    Latitude
    41.2689055

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    FAQs

    What type of property is this?
    Land - Prime Ohio land, build your dream home.
    Where is this land located?
    The property is located at 46802 Us-20 Oberlin, OH.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Prime US Highway 20 location in Oberlin, OH.; Residential development opportunity on 13.2 acres.; 3 miles to historic downtown Oberlin and amenities.
    Request Owner's contact information
    46802 Us-20 Oberlin, OH 44074
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    Oberlin, OH 44074
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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
    46802 Us-20 Oberlin, OH 44074
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