661 Griswold Rd Elyria, OH 44035
This exceptional one-acre commercial land parcel, located at 661 Griswold Road in Elyria, Ohio, presents a remarkable investment opportunity. Priced at $195,000, this property boasts a highly desirable B-G (Business General) zoning classification. This versatile zoning allows for a wide range of commercial developments, including hotels, medical facilities, office spaces, banks, retail establishments, and various service businesses. The property's strategic location ensures high visibility and accessibility, benefiting from significant traffic counts on nearby Lorain Boulevard, totaling 37,558 vehicles. The expansive one-acre lot provides ample space for construction and development, catering to a variety of project scales and scopes. Situated in Lorain County, Ohio, with a 44035 zip code, this property offers convenient access to local amenities and transportation networks. This is a rare opportunity to acquire a prime commercial lot in a thriving Ohio community, poised for significant growth and development. The property's location and zoning make it an attractive investment for both established businesses seeking expansion and entrepreneurs looking to establish a new venture. Don't miss this chance to secure a piece of Elyria's commercial landscape.
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.