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    7400 Wales Rd Northwood, OH 43619

    Sponsored
    For Sale
    $250,000

    Prime Commercial Land, Northwood, Ohio

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.05-acre parcel of land presents a remarkable opportunity for commercial development in the thriving Northwood, Ohio market. Located at 7400 Wales Rd, this property boasts a highly desirable NCO (Neighborhood Commercial) zoning designation, opening doors to a wide array of potential uses. All public utilities are conveniently located on-site, simplifying the development process and minimizing upfront costs. The property's zoning specifically allows for drive-thru facilities, making it ideal for restaurants, coffee shops, or other businesses that benefit from this convenient feature. Beyond restaurants, the zoning also permits the construction of neighborhood centers, office buildings, and hospitality establishments, offering considerable flexibility for prospective developers. The expansive lot size provides ample space for substantial construction projects, ensuring ample room for parking, landscaping, and building expansion. Situated in Wood County, Ohio, with a zip code of 43619, this property offers excellent accessibility and visibility, making it an attractive investment for businesses seeking a prominent location in a growing community. The asking price for this exceptional commercial land is $250,000. Don't miss this chance to acquire a prime piece of real estate in a vibrant and expanding market.

    Property Features for 7400 Wales Rd

    General Information

    Property type
    Land
    Lot Size
    89,298 SF

    HighLights

    • Neighborhood Commercial (NCO) zoning.
    • Full public utilities available on‑site.
    • Drive‑thru approved.
    • Suitable for restaurants, neighborhood retail, office buildings, and hospitality uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Northwood
    County
    Wood
    State
    Ohio
    Longitude
    -83.536860851358
    Latitude
    41.608917581182

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Northwood, Ohio
    Where is this land located?
    The property is located at 7400 Wales Rd Northwood, OH.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Neighborhood Commercial (NCO) zoning.; Full public utilities available on-site.; Drive-thru approved.
    (419) 345-8232
    Request Owner's contact information
    7400 Wales Rd Northwood, OH 43619
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    Northwood, OH 43619
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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
    7400 Wales Rd Northwood, OH 43619
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