4108 Wheatley Rd Richfield, OH 44286
This exceptional 6.44-acre development site in Richfield, Ohio, presents a lucrative redevelopment opportunity. Priced at $1,750,000 (~$272,000/acre), this property boasts a prime location at the I-271/I-77 interchange, offering unparalleled visibility and accessibility. Zoned as Planned Commerce District, permitted uses include restaurants, offices, hotels, and financial institutions, with conditionally permitted uses such as drive-thru restaurants and daycare centers. A new traffic signal is planned at the site, enhancing visibility and access. The site benefits from high traffic counts: 11,367 VPD on Wheatley Road, 57,612 VPD on I-77, and 36,904 VPD on I-271. Its strategic location adjacent to the new True North development and the Kinross Lakes Office Complex, alongside prominent neighbors like Charles Schwab, IRG Realty, Mobility Works, Cisco Systems, and FedEx Freight, ensures strong potential for future development. A 15-minute drive-time encompasses a daytime population of 130,410 people, providing a substantial customer base. This site is ideal for investors seeking high-impact commercial development in a thriving Ohio market. The address is 4108 Wheatley Rd, Richfield, OH 44286, Summit County.
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.
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Risks
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