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    Ramada St Sandusky, OH 44870

    For Sale
    $500,000

    High-traffic location, C-2 zoning, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.312-acre commercial land parcel presents a unique investment opportunity in Sandusky, Ohio. Ideally situated on Ramada Street, this property boasts 200 feet of frontage directly adjacent to State Route 2, ensuring unparalleled visibility and accessibility. The C-2 General Commercial zoning allows for a wide range of development possibilities. With an asking price of $500,000, this site offers significant potential for growth and return. The property's strategic location places it in a high-traffic area, benefiting from approximately 29,000 average daily vehicles passing the Milan Road/Route 2 intersection. This vibrant commercial corridor is anchored by established businesses including Walmart, Lowe's, Days Inn, Sonic, Harley Davidson, and Staples, creating a strong and desirable commercial environment. The property's proximity to Cedar Point (7 miles) further enhances its appeal. The APN is 32-02872.001, and the ownership is Carmelo Ruta Inc. This is a rare opportunity to acquire a highly visible and well-located commercial land parcel ready for immediate development.

    Property Features for 0 Ramada St

    General Information

    Property type
    Land
    Lot Size
    57,151 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sandusky
    County
    Erie
    State
    Ohio
    Longitude
    -82.655029097529
    Latitude
    41.402735188804

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    FAQs

    What type of property is this?
    Land - High-traffic location, C-2 zoning, development ready.
    Where is this land located?
    The property is located at Ramada St Sandusky, OH.
    What is the asking price?
    The asking price for this property is $500,000.
    (419) 871-1900
    Request Owner's contact information
    Ramada St Sandusky, OH 44870
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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
    Ramada St Sandusky, OH 44870
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