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Property profile & analytics
OFF-MARKET
Land

0 Mccormick St Wellington, OH 44090

2.65 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 2.65 ac (115,434 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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