3050 Us-20 Bellevue, OH 44811
- Land
- 21.00 lot acres
Current Use by Public Records
- Land
Property Details for 3050 Us-20
- Lot size
- 21.00 lot acres
- Property type
- Land
Description
This exceptional 21-acre commercial land parcel in Bellevue, Ohio, presents a unique investment opportunity. Located at the critical intersection of US-20 and a future highway interchange (currently under city discussion), this Class A property boasts unparalleled visibility and accessibility. The site offers significant potential for various commercial ventures, including retail, restaurants, or a truck stop, with minimal existing competition in the immediate area. The property includes an existing brick ranch home and benefits from readily available water, sewer, and electric utilities at the curb. A substantial commercial tax abatement of 75% for 15 years is in place, along with a 100% residential tax abatement for the same period. The land is comprised of two parcels; 3 acres are currently zoned commercial, while the remaining acreage is agricultural, but the city is highly receptive to rezoning requests. Two convenient access points on Route 20 provide excellent ingress and egress. With an asking price of $1,199,000 ($50,000/acre), this property represents a compelling investment in a high-growth area. The average daily traffic count on State Route 4 exceeds 1,800 vehicles. This is a blank canvas for a developer seeking a high-impact location with significant upside potential. The property's APN is 010310010060000 and 010310010070000 and 010310010040000. The ownership is in fee simple.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bellevue
- County
- Huron
- State
- Ohio
- Longitude
- -82.7945
- Latitude
- 41.2652
