Property profile

0 Vl Harpersfield Rd Geneva, OH 44041

OFF-MARKET
Land
5.04 ac lot
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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

Location

Vl Harpersfield Rd Geneva, OH 44041
Geneva metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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