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    5270 Montville Dr Medina, OH 44256

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    For Sale
    Contact for pricing

    Prime Medina location, multi-family potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8.02-acre commercial and residential development site presents a unique investment opportunity in Medina, Ohio. Ideally situated just off I-71 and Route 18, this property boasts unparalleled access to major transportation arteries, with 65,200 vehicles per day (VPD) on I-71 and 33,000 VPD on Medina Road (Route 18). Its convenient location is only 10 minutes from Medina's Public Square, offering easy access to the city's amenities and vibrant community. The site is zoned R-3, permitting the development of up to 40 multi-family units, making it an ideal location for a multi-family residential project or a multi-tenant commercial development. All utilities are readily available on-site, simplifying the development process. The surrounding area demonstrates strong demographics, with a population of 18,418 within a 3-mile radius and a median household income of $108,862 within the same area, and $89,764 within a 5-mile radius. The property's APN is 030-11B-10-029. This is a rare opportunity to acquire a large, well-located parcel of land with significant development potential in a thriving Ohio market. The address is 5270 Montville Dr, Medina, OH 44256.

    Property Features for 5270 Montville Dr

    General Information

    Property type
    Land

    HighLights

    • Excellent multifamily or commercial investment opportunity.
    • Zoned for up to 40 residential units.
    • High traffic counts: 65,200 VPD (I‑71) and 33,000 VPD (Route 18).
    • Strong demographics: 18,418 residents within a 3‑mile radius.
    • High median household incomes: $108,862 (3‑mile radius) and $89,764 (5‑mile radius).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Medina
    County
    Medina
    State
    Ohio
    Longitude
    -81.79445
    Latitude
    41.131577

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    FAQs

    What type of property is this?
    Land - Prime Medina location, multi-family potential.
    Where is this land located?
    The property is located at 5270 Montville Dr Medina, OH.
    What are key features of this property?
    This property features: Excellent multifamily or commercial investment opportunity.; Zoned for up to 40 residential units.; High traffic counts: 65,200 VPD (I-71) and 33,000 VPD (Route 18).
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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
    5270 Montville Dr Medina, OH 44256
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