Technical
Financial
Distress signals
Property profile

and 611 Recreation Ln Avon, OH 44011

OFF-MARKET
Land
2.34 ac lot
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Property summary

AI-generated overview

This exceptional commercial land offering in Avon, Ohio, presents a unique investment opportunity. Located on Recreation Lane and Route 611, this property boasts a total of up to 9 contiguous acres, divisible into five parcels ranging from 2.34 to 6.64 acres. The property benefits from high-traffic counts and a strategic location within a rapidly expanding suburb of Northeast Ohio. Parcel #0400003101587 encompasses 2.79 acres, Parcel #0400003101452 offers 6.46 acres, Parcel #0400003101453 includes 4.09 acres, Parcel #0400003101497 comprises 6.64 acres, and Parcel #0400004102190 contains 2.34 acres. The C-4 zoning allows for a wide variety of commercial uses, making it ideal for various development projects. The area enjoys a strong daytime population exceeding 54,515 within a five-mile radius, providing a substantial customer base. Furthermore, its proximity to I-90 and Cleveland Hopkins International Airport (a 28-minute drive, 17.8 miles away) enhances its accessibility and appeal. This prime location, combined with the flexibility of divisible parcels and favorable zoning, makes this an attractive proposition for discerning investors and developers seeking a foothold in a thriving market. The property's frontage on Route 611 and its contiguity with the 6.64-acre parcel on Recreation Lane further enhance its desirability.

Property profile

Verified
Property type Land
Lot 2.34 ac (101,930 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

and 611 Recreation Ln Avon, OH 44011
Avon 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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