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    Streetsboro Rd Richfield, OH 44286

    Sponsored
    For Sale
    $500,000

    Prime Ohio commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.33-acre commercial land parcel presents a unique development opportunity in Richfield, Ohio. Located on West Streetsboro Road, the property boasts 260 feet of frontage and 815 feet of depth, offering significant flexibility for various projects. Zoned R-3 Cluster Residential, it's perfectly suited for a home builder seeking to create multiple parcels within a desirable location. The site enjoys convenient access to major transportation arteries, including I-271, I-77, and I-80, providing seamless connectivity to the Northeast Ohio market. Situated just minutes from the scenic Cuyahoga Valley National Park and the historic downtown area of Richfield, this property benefits from a strong local community and attractive surroundings. All city utilities, including water and sewer, are readily available at the street. The property's strategic location is further enhanced by a median household income of $143,813 within a five-mile radius. Commuting to Akron is approximately 20 minutes, and Cleveland is a 25-minute drive. The asking price for this remarkable opportunity is $500,000, representing a price per acre of $78,902. The property's APN is 5 0 0 2 6 9 8. This is a rare chance to acquire a substantial land holding in a thriving Ohio community.

    Property Features for 0 Streetsboro Rd

    General Information

    Property type
    Land
    Lot Size
    276,039,720 SF

    HighLights

    • 6.33‑acre commercial land parcel in Richfield, OH.
    • $500,000 asking price ($78,902/acre).
    • 260' frontage on West Streetsboro Road, 815' deep; R‑3 Cluster Residential zoning.
    • Convenient access to I‑271, I‑77, and I‑80.
    • All city utilities (water & sewer) available at the street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Richfield
    County
    Summit
    State
    Ohio
    Longitude
    -81.6364328
    Latitude
    41.2397932

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    FAQs

    What type of property is this?
    Land - Prime Ohio commercial land, ideal for development.
    Where is this land located?
    The property is located at Streetsboro Rd Richfield, OH.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 6.33-acre commercial land parcel in Richfield, OH.; $500,000 asking price ($78,902/acre).; 260' frontage on West Streetsboro Road, 815' deep; R-3 Cluster Residential zoning.
    (234) 231-0229
    Request Owner's contact information
    Streetsboro Rd Richfield, OH 44286
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    Richfield, OH 44286
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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
    Streetsboro Rd Richfield, OH 44286
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