7400 Wales Rd Northwood, OH 43619
This exceptional 2.05-acre parcel of land presents a remarkable opportunity for commercial development in the thriving Northwood, Ohio market. Located at 7400 Wales Rd, this property boasts a highly desirable NCO (Neighborhood Commercial) zoning designation, opening doors to a wide array of potential uses. All public utilities are conveniently located on-site, simplifying the development process and minimizing upfront costs. The property's zoning specifically allows for drive-thru facilities, making it ideal for restaurants, coffee shops, or other businesses that benefit from this convenient feature. Beyond restaurants, the zoning also permits the construction of neighborhood centers, office buildings, and hospitality establishments, offering considerable flexibility for prospective developers. The expansive lot size provides ample space for substantial construction projects, ensuring ample room for parking, landscaping, and building expansion. Situated in Wood County, Ohio, with a zip code of 43619, this property offers excellent accessibility and visibility, making it an attractive investment for businesses seeking a prominent location in a growing community. The asking price for this exceptional commercial land is $250,000. Don't miss this chance to acquire a prime piece of real estate in a vibrant and expanding market.
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.