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    4838 Us Highway 250 Norwalk, OH 44857

    For Sale
    $1,800,000

    Prime Ohio development site, high traffic, I-80/90 proximity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 8.721-acre development site in Norwalk, Ohio, presents a remarkable redevelopment opportunity. Located on US Highway 250 North, this unzoned property boasts a prime location with high visibility and significant traffic volume, benefitting from an AADT of 13,845 (2018 data). Its strategic proximity to Interstate 80/90 (less than 4 miles) and Cedar Point (15 miles) enhances its appeal and accessibility. The property is comprised of three parcels (APN: 27012A020130000, 27012A020140000, 27012A020150000) and offers considerable flexibility for various development scenarios. Existing improvements include a 12,000 square foot warehouse, two storage garages totaling 9,666 square feet, a 786 square foot office space, and a 2,730 square foot house suitable for additional office space. A 5,546 square foot service bay garage further adds to the existing building footprint, resulting in a total warehouse and service bay area of 27,426 square feet. The property is zoned for potential retail, residential, industrial, or hotel development, and is also subdividable, providing numerous options for investors and developers. The asking price is $1,800,000, translating to $206,398 per acre. The Berlin Milan LSD serves as the local school district.

    Property Features for 4838 Us Highway 250

    General Information

    Property type
    Land
    Lot Size
    379,887 SF

    HighLights

    • $1,800,000 asking price for 8.721 acres of land, priced at $206,398 per acre.
    • 8.721‑acre development site in Norwalk, Ohio.
    • High traffic count (AADT 13,845 in 2018).
    • Located in the Berlin Milan LSD school district.
    • Less than 4 miles from I‑80/90 and 15 miles from Cedar Point.
    • Subdividable lot with potential for retail, residential, industrial, or hotel development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Huron
    State
    Ohio
    Longitude
    -82.6085383
    Latitude
    41.2718985

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    FAQs

    What type of property is this?
    Land - Prime Ohio development site, high traffic, I-80/90 proximity.
    Where is this land located?
    The property is located at 4838 Us Highway 250 Norwalk, OH.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: $1,800,000 asking price for 8.721 acres of land, priced at $206,398 per acre.; 8.721-acre development site in Norwalk, Ohio.; High traffic count (AADT 13,845 in 2018).
    (614) 352-4062
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    4838 Us Highway 250 Norwalk, OH 44857
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    Norwalk, OH 44857
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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
    4838 Us Highway 250 Norwalk, OH 44857
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