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    38Th St Ashtabula, OH 44004

    Sponsored
    For Sale
    $525,000

    Ohio Residential Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 52.36-acre parcel presents a unique investment opportunity in Ashtabula County, Ohio. Located in Edgewood, at the address of E 38th St, zip code 44004, this property is zoned R-2 for low-density residential development, offering significant potential for residential construction. The asking price is $525,000, translating to approximately $10,000 per acre. A key advantage is the property's convenient location within Ashtabula's retail corridor, ensuring excellent accessibility and high visibility. Furthermore, its proximity to the recently completed 51-unit Resolution Apartments workforce housing development suggests a strong existing demand for residential units in the area. All utilities are readily available at the site, simplifying the development process. High traffic counts further enhance the property's appeal, with ODOT TIMS reporting 20,575 vehicles per day (VPD) on N Ridge and 14,012 VPD on Route 11. This prime location, combined with its favorable zoning and infrastructure, makes this a compelling opportunity for developers seeking a high-potential residential project in a thriving Ohio community. The property's size and strategic location offer substantial potential for a profitable residential development. This is a rare chance to acquire a large, well-situated parcel ready for immediate development.

    Property Features for 0 38Th St

    General Information

    Property type
    Land
    Lot Size
    2,280,802 SF

    HighLights

    • 52.36‑acre commercial and residential land parcel for sale at $525,000 ($10,000/acre).
    • R‑2 low‑density residential zoning.
    • All utilities available on‑site.
    • Adjacent to a new 51‑unit apartment complex.
    • Prime Ashtabula retail corridor location with excellent highway access.
    • High traffic counts (20,575 VPD on N Ridge, 14,012 VPD on Route 11).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ashtabula
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.7640675
    Latitude
    41.8723658

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    FAQs

    What type of property is this?
    Land - Ohio Residential Development Opportunity
    Where is this land located?
    The property is located at 38Th St Ashtabula, OH.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 52.36-acre commercial and residential land parcel for sale at $525,000 ($10,000/acre).; R-2 low-density residential zoning.; All utilities available on-site.
    (216) 577-1517
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    38Th St Ashtabula, OH 44004
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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
    38Th St Ashtabula, OH 44004
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