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Property profile & analytics
OFF-MARKET
Land

0 Oh-7 Andover, OH 44003

4.87 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 4.87 ac (212,137 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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