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    - 1.36 acres Clarkins Dr Austintown, OH 44515

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    For Sale
    Contact for pricing

    1.36 Acres, Vacant, Restaurant Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.36-acre commercial land parcel presents a remarkable investment opportunity in Austintown, Ohio. Strategically located on State Route 46 (Canfield Niles Road) and Webb Road, with convenient access to the I-80 on/off ramp, this property boasts high visibility and exceptional accessibility. The vacant land is zoned for retail and commercial uses, making it ideal for a variety of development projects. Its proximity to Hollywood Gaming, a large 180-acre racetrack and casino, further enhances its potential for attracting significant foot traffic and customer base. The property's classification as both retail and land allows for flexible development options, catering to diverse business needs. Priced at $260,000 per acre, this represents a compelling value proposition for investors seeking a prime location in a thriving area. The vacant status allows for immediate development, eliminating the need for tenant negotiations or leasehold considerations. The site's size and location make it particularly suitable for restaurants, fast-food establishments, or hotels, capitalizing on the high traffic volume and proximity to entertainment venues. Detailed zoning information and development guidelines are readily available upon request. This is a rare opportunity to acquire a highly desirable commercial property in a rapidly growing market. Don't miss out on this chance to secure a prime location for your next venture.

    Property Features for - 1.36 acres Clarkins Dr

    General Information

    Property type
    Restaurants
    Lot Size
    59,242 SF

    HighLights

    • 1.36‑acre commercial land parcel in Austintown Township, Mahoning County.
    • Prime location on SR 46 (Canfield Niles Rd) and Webb Rd, with I‑80 on/off ramp access.
    • Ideal for hotel, fast food, or restaurant development.
    • Located just north of Hollywood Gaming, a 180‑acre racetrack and casino.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Austintown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.766816
    Latitude
    41.1261787

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    FAQs

    What type of property is this?
    Restaurant - 1.36 Acres, Vacant, Restaurant Potential
    Where is this restaurant located?
    The property is located at - 1.36 acres Clarkins Dr Austintown, OH.
    What are key features of this property?
    This property features: 1.36-acre commercial land parcel in Austintown Township, Mahoning County.; Prime location on SR 46 (Canfield Niles Rd) and Webb Rd, with I-80 on/off ramp access.; Ideal for hotel, fast food, or restaurant development.
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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
    - 1.36 acres Clarkins Dr Austintown, OH 44515
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