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Property profile & analytics
OFF-MARKET
Land

0 Murray Rdg Rd & Lowell St Elyria, OH 44035

2.34 ac lot
Property ID
Property summary
AI-generated overview

This exceptional offering encompasses three parcels of prime industrial land totaling up to 23.74 acres in Elyria, Ohio. Strategically located with excellent freeway access and situated amongst thriving industrial neighbors, this property presents a compelling opportunity for light industrial development, warehousing, or storage solutions. All utilities are readily available on-site. The property is zoned L-1 for Light Industrial use, ensuring a straightforward path to development. The three parcels are individually identified by their APN numbers: 0624021000077 (10.47 acres), 0624014000088 (10.93 acres), and 0624014000087 (2.34 acres). The asking price for the entire 23.74-acre assemblage is $925,860, representing approximately $39,000 per acre. The City of Elyria actively supports development initiatives, making this a particularly attractive investment opportunity. The property's location offers convenient access to major transportation routes, enhancing its logistical appeal for businesses seeking efficient distribution networks. This is a rare opportunity to acquire a significant land holding in a desirable industrial area with strong potential for future growth and profitability. The property is conveniently located near Murray Ridge Road & Lowell Street and Shilling Drive in Elyria, Ohio, zip code 44035.

Property profile
Verified
Property type Land
Lot 2.34 ac (101,930 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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