0 Mccormick St Wellington, OH 44090
This exceptional 2.65-acre commercial land parcel presents a unique investment opportunity in Wellington, Ohio. Strategically located on McCormick Street, this property boasts unparalleled visibility from Route 58, a major thoroughfare with a high volume of daily traffic (11,701 vehicles per day). The property's Commercial zoning allows for a variety of development options, making it ideal for businesses seeking a prominent location. Potential uses include light industrial, medical facilities, or retail establishments. The lot size provides ample space for construction and expansion. Wellington's convenient location offers easy access to major metropolitan areas. It's situated just 20 miles from both Downtown Elyria and Downtown Medina, and a 50-minute drive from both Akron and Cleveland, ensuring a strong regional market reach. The property's proximity to Downtown Wellington further enhances its appeal. The Lorain County location, with APN 18-00-020-000-140, provides a stable and desirable business environment. This is a rare opportunity to acquire a highly visible and versatile commercial property in a thriving Ohio community. The asking price is $299,000.
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.