2155 Hubbard Rd Pepper Pike, OH 44124
This exceptional 8.13-acre commercial land parcel, located at 2155 Hubbard Rd in Pepper Pike, Ohio (zip code 44124), presents a unique investment opportunity. The property, identified by APN 01-B-096-0-00-004-0, is zoned R-4: Multiple Dwellings District, offering significant development potential. According to the Use Regulations for R-4 zoned areas as of January 1st, 1996, permitted uses may include those allowed in R-1, R-2, and R-3 single-family districts. This opens the door to a variety of residential development options. Specifically, the zoning allows for a residential condominium development, any type of dwelling unit providing housing for two or more families, and accessory buildings or uses customarily incidental to these primary uses, such as storage garages. The property's prime location in Lake County, Ohio, offers easy access to major transportation routes and amenities. The asking price for this expansive land parcel is $375,000. This represents a compelling opportunity for developers seeking to capitalize on the demand for multi-family housing in a desirable location. Serious inquiries are encouraged to explore the full potential of this remarkable property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.