2200 River Rd Elyria, OH 44035
- Land
- 18.09 lot acres
Current Use by Public Records
- Land
Property Details for 2200 River Rd
- Lot size
- 18.09 lot acres
- Property type
- Land
Description
This exceptional 18.09-acre commercial land parcel, located at 2200 W River Rd N, Elyria, OH 44035, presents a unique investment opportunity. Zoned General Business (BG), this property boasts 1902 linear feet of frontage, with approximately two-thirds featuring four lanes, creating outstanding out-lot potential. The site benefits from convenient access to five freeways, further enhanced by proximity to the Ohio Turnpike. Situated in the heart of Lorain County, this location is surrounded by a thriving population center of 312,964, with the two largest cities, Lorain and Elyria, conveniently located nearby. The area demonstrates strong occupancy rates, with seven office buildings surrounding the site exhibiting less than 0.1% vacancy, and an eighth located adjacent. A three-star-rated childcare facility is conveniently located next door. A portion of the property is zoned for a gas station, and rezoning is possible to accommodate various development plans. A Phase I environmental assessment has already been completed. The property also includes an 8,235 square foot expandable brick office building, which, after rehabilitation, is projected to lease at $15 per square foot. The absence of freestanding drug stores, dialysis centers, and urgent care facilities in the area presents a significant opportunity for new development. Tax incentives may be available, reflecting the city and county's proactive approach to economic development. The property is identified by APN numbers -050, -054, -055, -056, and -057, and is currently owned by 441 Griswold LLC. The asking price is $4,380,000, translating to $242,123 per acre.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elyria
- County
- Lorain
- State
- Ohio
- Longitude
- -82.1078
- Latitude
- 41.4006
