This exceptional 4.87-acre commercial land parcel, located in Conneaut, Ohio, presents a unique investment opportunity. Situated near I-90, Exit 241, this corner lot boasts 302 feet of frontage on Route 7 and approximately 665 feet on West Under Ridge Road, with additional frontage on Center Road. Zoned B-1 Highway Service Business District, the property offers excellent visibility and accessibility. A recent wetlands delineation and jurisdictional determination are available, simplifying the development process. Approximately 2.36 acres in the center of the property are usable without wetland permits. The property benefits from its proximity to thriving businesses, including Love's Travel Stop, McDonald's, Subway, Truck World, and Burger King. All utilities are available at the street. While offering significant potential for various commercial uses, a restrictive covenant prohibits retail convenience stores, truck stops, gas stations, fuel processing, wholesale, and distribution facilities. Conneaut's strategic location in northeastern Ohio, near Lake Erie and major transportation routes, provides access to a substantial market. The city's coastal setting and attractions, including fishing and wineries, add to its appeal. The asking price is $245,000, translating to $51,292 per acre. The APN is 123160002600. This property is for sale by owner.
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.