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    32499 Lorain Rd North Ridgeville, OH 44039

    Sponsored
    For Sale
    $1,200,000

    High-traffic retail land, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-acre commercial lot in North Ridgeville, Ohio (APN 0700003102065), is perfectly situated for immediate development. Located at 32499 Lorain Rd, 44039, this property boasts a highly desirable B-3 Highway Commercial District zoning (Chapter 1268), allowing for a wide range of retail, restaurant, and service uses, including car washes. The site, measuring approximately 213' x 576', benefits from two existing curb cuts and shared access with a neighboring Starbucks, ensuring optimal traffic flow and visibility at a signalized intersection. Daily traffic counts average approximately 17,451 vehicles. This prime location is within a thriving retail corridor, adjacent to a new Starbucks and surrounded by established businesses such as McDonald's, Burger King, Culver's, Panera Bread, Sheetz, Chipotle, Taco Bell, Dunkin', Kindercare, and University Hospitals. The previous building has been demolished, leaving the site cleared and ready for construction. A comprehensive due diligence package is available for prospective buyers. Asking price is $1,200,000.

    Property Features for 32499 Lorain Rd

    General Information

    Property type
    Individual retail properties
    Lot Size
    43,560 SF

    HighLights

    • 1‑Acre development‑ready lot (building demolished).
    • 213' x 576' lot dimensions.
    • Two curb cuts plus shared access with Starbucks at signalized intersection.
    • Prime retail location adjacent to Starbucks, near McDonald's, Burger King, and other national chains.
    • High traffic count: approx. 17,451 vehicles per day (VPD).
    • B‑3 Highway Commercial zoning; permits various retail, restaurant, and service uses, including car washes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    North Ridgeville
    County
    Lorain
    State
    Ohio
    Longitude
    -81.9773542
    Latitude
    41.384412

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail land, ready to build.
    Where is this individual retail property located?
    The property is located at 32499 Lorain Rd North Ridgeville, OH.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 1-Acre development-ready lot (building demolished).; 213' x 576' lot dimensions.; Two curb cuts plus shared access with Starbucks at signalized intersection.
    Request Owner's contact information
    32499 Lorain 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
    32499 Lorain Rd North Ridgeville, OH 44039
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