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    35980 Royalton Rd Grafton, OH 44044

    For Sale
    $1,700,000

    Prime 3.2-acre retail lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3.2-acre commercial land parcel in Grafton, Ohio, presents a remarkable investment opportunity. Located at the highly visible, signalized intersection of State Route 83 and State Route 82 in Lorain County, this property boasts over 700 feet of road frontage, ensuring maximum exposure for any development. Zoned LC-1, it's ideally suited for a variety of commercial uses, including a fuel station, drive-thru restaurant, or retail plaza. The site benefits from full utility availability, simplifying the development process. Its strategic location is further enhanced by its proximity to the Eaton Township Hall and a thriving residential area, with over 670 homes built or currently under construction within the last three years, providing a substantial and growing customer base. This prime location offers unparalleled access and visibility, making it an exceptional opportunity for investors seeking high-impact commercial development in a rapidly growing community. The asking price is $1,700,000. The property's size and location make it a truly unique opportunity in the Grafton market.

    Property Features for 35980 Royalton Rd

    General Information

    Property type
    Land
    Lot Size
    139,392 SF

    HighLights

    • Excellent location adjacent to Eaton Township Hall.
    • All utilities readily available on‑site.
    • Property boasts over 700 feet of road frontage.
    • High‑density residential area with over 670 homes built or under construction in the last three years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Auto Repair Shop Clothing Store Nail Salon Kitchen & Bath Storage Facility Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Grafton
    County
    Lorain
    State
    Ohio
    Longitude
    -82.0202568
    Latitude
    41.3146496

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime 3.2-acre retail lot, high visibility.
    Where is this land located?
    The property is located at 35980 Royalton Rd Grafton, OH.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Excellent location adjacent to Eaton Township Hall.; All utilities readily available on-site.; Property boasts over 700 feet of road frontage.
    Request Owner's contact information
    35980 Royalton Rd Grafton, OH 44044
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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
    35980 Royalton Rd Grafton, OH 44044
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