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    OFF-MARKET
    Land

    0 Vl Harpersfield Rd, Geneva, OH 44041

    5.04 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5.04-acre commercial lot is situated in Geneva, Ohio, Ashtabula County (APN 220080004801), offering a remarkable investment opportunity. Zoned for Accommodation Commercial use, this property presents considerable flexibility for a wide range of commercial developments. The land is located on VL Harpersfield Rd, zip code 44041, and benefits from its strategic position near the Route 90 exit, a major east-west corridor experiencing significant growth. This growth is largely fueled by the burgeoning Spire Institute, a world-class athletic facility attracting substantial tourism and driving development of supporting businesses, including a new hotel and Starbucks. The area already boasts a strong commercial presence with established businesses such as McDonald's and Wendy's, and soon a local franchise and PizzaRoto. Further enhancing the area's appeal is the thriving Grand River Valley Wine Region, a year-round tourist destination with over 19 wineries and distilleries. The asking price for this exceptional property is $345,000, translating to $79,736 per acre. This represents a compelling investment in a dynamic and rapidly expanding market. The property's location and zoning make it an attractive prospect for developers seeking to capitalize on the area's robust growth trajectory.

    Property profile
    Verified
    Property type Land
    Lot 5.04 ac (219,542 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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