0 Bonnieview Dr Bedford, OH 44146

Exceptional 4.98-acre commercial land parcel in Bedford, Ohio, zoned R-4 Multi-Family Residence, presents a prime opportunity for high-density multifamily development. Located conveniently behind Bedford High School and adjacent to the Willard House Apartment Complex, this property boasts significant potential. The R-4 zoning permits a variety of multifamily uses, including 3-6 family dwellings, public parks, playgrounds, boarding, and lodging houses. A 6-story or 75' height limit is in place. The site offers 565 feet of frontage and a depth of 403 feet, with all utilities readily available at the street. Currently wooded, the land presents an opportunity for additional income through logging. The property's strategic location provides easy access to major transportation arteries, with the I-271/I-480 interchange just 1.1 miles away. Daily traffic counts on nearby Rockside Road reach 29,950 vehicles. The 2022 property taxes totaled $13,330. The price is dependent upon the proposed site plan, and the number of units per acre will require discussion with the city. This is a remarkable opportunity for developers seeking a high-impact multifamily project in a desirable location.