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    11633 Avon Belden Rd Grafton, OH 44044

    Sponsored
    For Sale
    $900,000

    20+ Acres, Limited Retail Zoning, Ohio

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20+ acre development site presents a unique investment opportunity in Grafton, Ohio. Located at 11633 Avon Belden Rd, 44044, this prime commercial property boasts Limited Retail zoning, making it ideal for a variety of retail ventures. The land, measuring approximately 625' x 1438', is divisible down to 5-acre parcels, with pricing adjusted accordingly based on the final configuration. All utilities are readily available on-site, simplifying development. The property benefits from high visibility and accessibility, with traffic counts of 6,843 vehicles per day (VPD) recorded in front of the site by ODOT TIMS. A strong demographic profile supports this location, featuring 174,662 people within a 15-minute drive time and an average household income of $103,410 within a 20-minute radius. The area exhibits a steady annual population growth rate of 0.48%. Priced at $45,000 per acre, this represents a compelling opportunity for developers seeking a well-located, versatile site in a growing market. The property is classified as Class A and is offered as an owner/user investment. This is a mixed-use property, also suitable for industrial, land, multifamily, and self-storage uses, though currently zoned for limited retail.

    Property Features for 11633 Avon Belden Rd

    General Information

    Property type
    Multifamily properties
    Class
    A
    Lot Size
    871,200 SF

    HighLights

    • $45,000 per acre asking price.
    • Divisible down to 5‑acre parcels; pricing varies by configuration.
    • Limited Retail zoning.
    • 625' x 1,438' lot dimensions.
    • All utilities available on‑site.
    • 6,843 vehicles per day (VPD) on adjacent road (ODOT TIMS data).
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Pharmacy Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grafton
    County
    Lorain
    State
    Ohio
    Longitude
    -82.020618
    Latitude
    41.3206168

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    FAQs

    What type of property is this?
    Multifamily property - 20+ Acres, Limited Retail Zoning, Ohio
    Where is this multifamily property located?
    The property is located at 11633 Avon Belden Rd Grafton, OH.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: $45,000 per acre asking price.; Divisible down to 5-acre parcels; pricing varies by configuration.; Limited Retail zoning.
    Request Owner's contact information
    11633 Avon Belden 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
    11633 Avon Belden Rd Grafton, OH 44044
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