46802 Us-20 Oberlin, OH 44074
This exceptional 13.2-acre residential land parcel in Oberlin, Ohio, presents a unique opportunity for discerning buyers. Located on US Highway 20, the property boasts an R1A zoning designation, allowing for residential development. The land features a charming existing single-family cottage and a serene pond, adding to its idyllic appeal. Enjoy the tranquility of a deep lot set back from the highway, surrounded by lush greenery. The property's prime location borders the Oberlin Western Reserve Land Conservancy and is adjacent to Lorain County Metro Parks, providing unparalleled access to nature trails and recreational amenities. Proximity to historic downtown Oberlin (within 3 miles) offers convenient access to shopping and restaurants. Utilities including septic, well, electric, and gas are available, with future public sewer and water tie-in possibilities. The favorable market conditions make this a compelling investment for new construction, fee simple ownership, or single-family home development. The APN is 14-00-014-000-002. This is a rare chance to own a significant piece of land in a highly sought-after location. Asking price is $900,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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