Property profile

1250 Canfield Niles Rd Mineral Ridge, OH 44440

OFF-MARKET
Retail properties & Spaces
5 ac lot
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Property summary

AI-generated overview

This exceptional 5-acre commercial development site is strategically located at the Mineral Ridge Highway exit in Mineral Ridge, Ohio (44440), boasting over 541 feet of frontage along Canfield Niles Road (1250 N Canfield Niles Rd). The property is zoned for a variety of uses, including retail, hospitality, mixed-use, and QSR/fast food establishments, as well as gas stations. With a vacant status and an asking price of $1,500,000, this presents a unique opportunity for developers seeking high-visibility locations. The site benefits from exceptional traffic counts of 20,167 vehicles per day (VPD), as reported by ODOT TIMS. This high traffic volume is further enhanced by the presence of established businesses in the immediate vicinity, including Pilot, Sheetz, Travel Centers, Chipotle, Starbucks, and Dunkin'. While a separate self-storage property is available for sale, it is not included in this offering. This prime location offers significant potential for a variety of commercial developments. The property is sold as-is, with a NNN lease type and zero remaining lease term. The land is currently vacant and offers a blank canvas for a new commercial venture. This is a rare opportunity to acquire a highly visible and well-located development site in a thriving commercial area.

Property profile

Verified
Property type Retail properties & Spaces
Lot 5 ac (217,800 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1250 Canfield Niles Rd Mineral Ridge, OH 44440
Mineral Ridge metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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