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    37718 Center Ridge Rd North Ridgeville, OH 44039

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    For Sale
    Contact for pricing

    51.53 Acres, B-2 Zoning, Divisible

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering presents a unique investment opportunity in the thriving North Ridgeville, Ohio market. Comprising two distinct parcels totaling 51.53 acres, this property is zoned B-2, allowing for a wide range of commercial development possibilities. The individual parcels, measuring 24.86 acres and 26 acres respectively, offer flexibility for developers seeking to create either a large-scale project or multiple smaller developments. Both parcels are divisible, providing further adaptability to suit diverse project needs and scales. The property's strategic location benefits from the presence of numerous established national restaurants and retailers in the immediate vicinity, ensuring high visibility and convenient access for potential businesses. This prime location makes it ideal for a variety of commercial ventures, including outlet malls, retail centers, medical facilities, or office complexes. The property's size and zoning regulations provide significant potential for substantial returns on investment. Situated at 37718 Center Ridge Road, North Ridgeville, OH 44039, this property offers unparalleled access and visibility within a dynamic commercial landscape. With its excellent location and flexible zoning, this land presents a compelling opportunity for discerning investors and developers seeking a high-impact commercial development project.

    Property Features for 37718 Center Ridge Rd

    General Information

    Property type
    Land
    Lot Size
    2,244,647 SF

    HighLights

    • Two B‑2 zoned commercial land parcels totaling 51.53 acres.
    • Parcels are 24.86 acres and 26 acres, both divisible.
    • Excellent location for outlet, retail, medical, or office development.
    • Strong national restaurant and retail presence in the immediate area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    North Ridgeville
    County
    Lorain
    State
    Ohio
    Longitude
    -82.043224
    Latitude
    41.384783

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    FAQs

    What type of property is this?
    Land - 51.53 Acres, B-2 Zoning, Divisible
    Where is this land located?
    The property is located at 37718 Center Ridge Rd North Ridgeville, OH.
    What are key features of this property?
    This property features: Two B-2 zoned commercial land parcels totaling 51.53 acres.; Parcels are 24.86 acres and 26 acres, both divisible.; Excellent location for outlet, retail, medical, or office development.
    (216) 861-5286
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    37718 Center Ridge Rd North Ridgeville, OH 44039
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    North Ridgeville, OH 44039
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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
    37718 Center Ridge Rd North Ridgeville, OH 44039
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