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    Tornado Rd Racine, OH 45771

    Sponsored
    For Sale
    $99,000

    Prime 0.83-acre lot, high visibility, US Rt 33 access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.83-acre commercial lot in Racine, Ohio, presents a remarkable investment opportunity. Situated near Southern High School, the property boasts excellent visibility with 159 feet of frontage along Tornado Road, ensuring high traffic exposure. Its convenient location provides easy access to US Route 33, a major thoroughfare, enhancing its accessibility and appeal. The site is ideally suited for a variety of commercial ventures, including retail storefronts, office spaces, restaurants, or coffee shops. The small-town setting offers a unique opportunity to establish a thriving business within a close-knit community. All essential utilities are readily available, including power, water, gas, and sewer connections, simplifying the development process. The property is located within city limits and is free from zoning restrictions, offering flexibility in development plans. Furthermore, the potential for Community Reinvestment Area tax incentives could significantly reduce development costs. High traffic counts further enhance the property's value, with 2,829 vehicles per day (VPD) recorded on Elm Street leading to Tornado Road and over 4,000 VPD at the intersection of Tornado Road and US Route 33. This prime location and the absence of zoning restrictions make this an exceptional opportunity for a savvy investor seeking high-visibility commercial land in a growing area. The asking price is $99,000.

    Property Features for 0 Tornado Rd

    General Information

    Property type
    Land
    Lot Size
    36,155 SF

    HighLights

    • 0.83‑acre parcel.
    • Potential CRA tax incentives available.
    • City limits location, unrestricted zoning.
    • 2,829 vehicles per day (VPD) on Elm Street to Tornado Road.
    • Over 4,000 VPD at Tornado Road and US Route 33 intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Racine
    County
    Meigs
    State
    Ohio
    Longitude
    -81.8577781
    Latitude
    38.9706852

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    FAQs

    What type of property is this?
    Land - Prime 0.83-acre lot, high visibility, US Rt 33 access
    Where is this land located?
    The property is located at Tornado Rd Racine, OH.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: 0.83-acre parcel.; Potential CRA tax incentives available.; City limits location, unrestricted zoning.
    Request Owner's contact information
    Tornado Rd Racine, OH 45771
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    Racine, OH 45771
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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
    Tornado Rd Racine, OH 45771
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