0 Chester Rd Avon, OH 44011
This exceptional 50.72-acre commercial land parcel presents a significant development opportunity in Avon, Ohio. Strategically located on Chester Road in Lorain County, this property boasts +/- 735 feet of road frontage and offers convenient access to major transportation arteries. The land is comprised of two parcels totaling 50.72 acres (33.22 acres and 17.5 acres). Currently zoned for both multifamily and general industrial uses, this site is ideally suited for a variety of projects. Its prime location offers excellent highway access to I-90, with two highway exits (SR 83 & SR 611) within approximately five minutes. The property benefits from its proximity to Lake Erie and enjoys exceptional retail activity at the SR 83 and I-90 intersection, including major retailers such as Costco, Target, Home Depot, Kohl's, Heinen's, JCPenney, Lowe's, Best Buy, Walmart, Marc's, and numerous restaurants and hotels. The area also features a highly-rated school district. Furthermore, Cleveland Hopkins International Airport is less than a 30-minute drive away. Offered at $1,750,000, or $34,503 per acre, this property represents a compelling investment opportunity in a thriving Ohio market. The zip code is 44011.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.