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1641 Root Rd Lorain, OH 44052

Sponsored
For Sale
$1,300,000

16.1 Acres, Mixed-Use Potential

Description

Added:
Dec 11, 2024
Days on Market:
392
This 16.1-acre property in Lorain, Ohio, presents a unique redevelopment opportunity. Currently zoned commercial, it includes three parcels with frontage on Root Rd and offers significant potential for hotels, restaurants, and boutique shops. The land itself holds the primary value, featuring existing gas and water wells, and all mineral rights are included in the sale. The property's strategic location near Lake Erie, a new race car facility, and a planned 300-acre Metro Sports Entertainment Complex, coupled with proximity to I-90, ensures high visibility and accessibility. Further enhancing its appeal, the site benefits from the positive economic impact of a proposed Bartlett Maritime Corporation submarine component repair facility, actively supported by Senator Sherrod Brown and federal officials. This project, along with the sports complex, promises substantial growth and increased demand in the Lorain/Sheffield area, making this a prime location for ground-floor development. The asking price is $1,300,000. Additional land may be available. The property is classified as Class C and consists of one building. The property is currently used as a residential home and apartment.

Property Features for 1641 Root Rd

General Information

Property type
Lifestyle centers
Class
C
Lot Size
701,316 SF

Building Details

Buildings
1

Property Profile Location Intelligence

Current Use by Public Records

Lifestyle centers

Suggested Use

Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Lorain
County
Lorain
State
Ohio
Longitude
-82.132326556665
Latitude
41.465752634422

FAQs

What type of property is this?
Lifestyle center - 16.1 Acres, Mixed-Use Potential
Where is this lifestyle center located?
The property is located at 1641 Root Rd Lorain, OH.
What is the asking price?
The asking price for this property is $1,300,000.
More about this property
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