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    2500 Oregon Rd Northwood, OH 43619

    Sponsored
    For Sale
    $250,000

    1-Acre Commercial Lot, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 1-acre commercial lot, located at 2500 Oregon Road in Northwood, Ohio (zip code 43619), presents a prime development opportunity. Previously occupied by a Speedway gas station and convenience store, the property is zoned for commercial use and comes with a No Further Action (NFA) environmental report. A deed restriction prohibits the property from being used for the same purpose as its previous occupant. This presents a unique chance to create a new commercial venture in a high-traffic area. The site boasts excellent visibility and accessibility, situated adjacent to the I-75 North interchange at the intersection of Oregon Road and Wales Road, within the Northwood E175 Wales + Buck neighborhood. The property's strategic location offers significant advantages for businesses seeking high visibility and convenient access to major transportation routes. Furthermore, qualified employers may be eligible for job-creating tax incentives, adding further value to this investment. Annual property taxes are $5,228.29 (based on half-year assessment). This is a rare opportunity to acquire a well-located, commercially zoned parcel ready for immediate development. Don't miss out on this chance to build your business in a thriving Ohio community.

    Property Features for 2500 Oregon Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • 1‑acre commercial lot at 2500 Oregon Road, Northwood, OH 43619.
    • Previously a Speedway gas station; zoned commercial with NFA environmental report; deed restriction prohibits gas station/convenience store use.
    • High‑traffic location at I‑75 North interchange (Oregon & Wales Roads), Northwood E175 Wales + Buck neighborhood.
    • Excellent visibility and accessibility; potential job‑creation tax incentives for qualified employers.
    • Annual property taxes: $5,228.29.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Northwood
    County
    Wood
    State
    Ohio
    Longitude
    -83.538283949094
    Latitude
    41.608231639053

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - 1-Acre Commercial Lot, Development Ready
    Where is this land located?
    The property is located at 2500 Oregon Rd Northwood, OH.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 1-acre commercial lot at 2500 Oregon Road, Northwood, OH 43619.; Previously a Speedway gas station; zoned commercial with NFA environmental report; deed restriction prohibits gas station/convenience store use.; High-traffic location at I-75 North interchange (Oregon & Wales Roads), Northwood E175 Wales + Buck neighborhood.
    Request Owner's contact information
    2500 Oregon Rd Northwood, OH 43619
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    Northwood, OH 43619
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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
    2500 Oregon Rd Northwood, OH 43619
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