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Property profile & analytics
OFF-MARKET
Land

661 Griswold Rd Elyria, OH 44035

1 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1 ac (43,560 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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