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    14039 Lorain Ave Cleveland, OH 44111

    For Sale
    Contact for pricing

    Prime Cleveland location, high traffic, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 0.4-acre commercial lot presents a unique investment opportunity in a thriving Cleveland neighborhood. Situated at 14039 Lorain Ave, Cleveland, OH 44111, this property boasts a highly desirable location near the well-trafficked intersection of Lorain Avenue and West 140th Street. Its adjacency to a Wendy's restaurant underscores the area's commercial viability and high foot traffic. The site benefits from its proximity to a dense population base, with over 300,000 residents within a 5-mile radius, ensuring a substantial customer pool for any development. Convenience is further enhanced by its close proximity – approximately 0.5 miles – to the RTA West Park Rapid Station Park and Ride, providing easy access to public transportation. The property is also surrounded by a variety of established retailers, including Starbucks, Popeye's, Subway, Aldi, Marc's, Ross, Big Lots, and Burlington, creating a vibrant and attractive commercial environment. This land is available for sale or ground lease, making it an adaptable option for various development projects. The property's strategic location and surrounding amenities make it an ideal site for a wide range of commercial ventures. This is a rare opportunity to acquire a well-positioned parcel in a high-growth area of Cleveland.

    Property Features for 14039 Lorain Ave

    General Information

    Property type
    Land

    HighLights

    • 0.4‑acre commercial lot in desirable Cleveland location at 14039 Lorain Ave, near Lorain Ave & West 140th St intersection.
    • High foot traffic area, adjacent to Wendy's, with over 300,000 residents within a 5‑mile radius.
    • Conveniently located near RTA West Park Rapid Station Park and Ride (0.5 miles).
    • Surrounded by established retailers including Starbucks, Popeye's, Subway, Aldi, Marc's, Ross, Big Lots, and Burlington.
    • Available for sale or ground lease, ideal for various commercial developments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7909836
    Latitude
    41.4546315

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    FAQs

    What type of property is this?
    Land - Prime Cleveland location, high traffic, development ready.
    Where is this land located?
    The property is located at 14039 Lorain Ave Cleveland, OH.
    What are key features of this property?
    This property features: 0.4-acre commercial lot in desirable Cleveland location at 14039 Lorain Ave, near Lorain Ave & West 140th St intersection.; High foot traffic area, adjacent to Wendy's, with over 300,000 residents within a 5-mile radius.; Conveniently located near RTA West Park Rapid Station Park and Ride (0.5 miles).
    Request Owner's contact information
    14039 Lorain Ave Cleveland, OH 44111
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    Cleveland, OH 44111
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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
    14039 Lorain Ave Cleveland, OH 44111
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