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    Drake Rd Strongsville, OH 44149

    Sponsored
    For Sale
    $160,000

    Prime 2-acre industrial lot, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.02-acre industrial land parcel presents a unique investment opportunity in Strongsville, Ohio. Located at the southeast corner of the Drake and Prospect Roads intersection, this property boasts high visibility and convenient access. The lot features 170 feet of frontage and a depth of 440 feet, totaling 88,427 square feet. Zoned for industrial use, it's ideally suited for new development. Its strategic location across from the Strongsville Business Park offers significant advantages. The Cuyahoga County property (APN 394-06-002) is priced at $160,000, with the possibility of price adjustment for a swift closing. This represents a compelling opportunity to acquire a well-situated industrial land parcel in a thriving Ohio market. The property's size and location make it suitable for a variety of industrial uses, offering significant potential for future growth and return on investment. The address is Drake Rd, Strongsville, OH 44149.

    Property Features for 0 Drake Rd

    General Information

    Property type
    Land
    Lot Size
    87,991 SF

    HighLights

    • Motivated seller offering price concessions for a fast close.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Strongsville
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.858006554783
    Latitude
    41.290384006766

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    FAQs

    What type of property is this?
    Land - Prime 2-acre industrial lot, excellent location.
    Where is this land located?
    The property is located at Drake Rd Strongsville, OH.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Motivated seller offering price concessions for a fast close.; ;
    Request Owner's contact information
    Drake Rd Strongsville, OH 44149
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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
    Drake Rd Strongsville, OH 44149
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