0 Vl Harpersfield Rd, Geneva, OH 44041
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.
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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