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    V/L Br Rd And Smith Rd Medina, OH 44256

    For Sale
    $4,462,150

    115 Acres, I-1 Zoning, Opportunity Zone

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 115-acre industrial land offering presents a unique investment opportunity in Medina, Ohio. Located in an Opportunity Zone, this expansive site boasts I-1 industrial zoning, making it ideal for a variety of commercial and industrial developments. The property comprises five parcels totaling approximately 115.9 acres, with readily available water at the street and sewer lines nearby. Conveniently situated between Branch Road and West Smith Road, the property offers significant frontage on both roads, providing excellent accessibility and visibility. Its strategic location places it just west of Commerce Drive and the Medina Industrial Park, offering easy access to major transportation arteries. Specifically, it's approximately 10.5 miles from the intersection of I-71, Route 224, and I-76, and 8.5 miles from I-71 and Route 18. The property's size, zoning, and location make it one of the largest industrially zoned sites in Northeast Ohio. The asking price is $4,462,150, translating to $43,500 per acre. The property's APN numbers are 050-31A-24-003, 050-31A-26-003, 050-31A-26-006, 050-31A-24-004, and 050-31A-26-009. With approximately 1000 feet of frontage on Branch Road and approximately 1800 feet of frontage on West Smith Road, this property offers unparalleled development potential. The property is also located 2.5 miles west of Downtown Medina.

    Property Features for V/L Br Rd And Smith Rd

    General Information

    Property type
    Land
    Lot Size
    266,587 SF

    HighLights

    • 115.9 acres of I‑1 industrially zoned land.
    • Located in an Opportunity Zone.
    • Water and sewer available.
    • Approximately 1,000 feet of frontage on Branch Road.
    • Excellent location near Commerce Drive and Medina Industrial Park.
    • 10.5 miles to I‑71/Route 224/I‑76 interchange.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Medina
    County
    Medina
    State
    Ohio
    Longitude
    -81.8631302
    Latitude
    41.1524413

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    FAQs

    What type of property is this?
    Land - 115 Acres, I-1 Zoning, Opportunity Zone
    Where is this land located?
    The property is located at V/L Br Rd And Smith Rd Medina, OH.
    What is the asking price?
    The asking price for this property is $4,462,150.
    What are key features of this property?
    This property features: 115.9 acres of I-1 industrially zoned land.; Located in an Opportunity Zone.; Water and sewer available.
    (216) 293-8900
    Request Owner's contact information
    V/L Br Rd And Smith Rd Medina, OH 44256
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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
    V/L Br Rd And Smith Rd Medina, OH 44256
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