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Property profile & analytics
OFF-MARKET
Land

2508 Oh-60 Wakeman, OH 44889

12.38 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 12.38-acre commercial land parcel presents a compelling investment opportunity in Erie County, Ohio. Located at 2508 SR 60 in Wakeman, Ohio, 44889, this property boasts a prime location on a major north-south thoroughfare, offering unparalleled visibility and accessibility. The site features 370 feet of frontage along a two-lane highway that expands to four lanes just north of the property, ensuring high traffic exposure. Convenient access is provided by a single curb cut on the north side. Zoned C2-General Commercial, this land is ready for immediate development. All utilities are conveniently located on-site. The property includes an existing barn and mature trees, adding to its character and potential. Situated in Vermillion Township, just south of the City of Vermillion, this location benefits from the growth and amenities of a nearby established community. The APN is 12-00287.000. This property is a quarter-mile south of the SR 2 interchange, further enhancing its strategic location and accessibility. The asking price is $550,000.

Property profile
Verified
Property type Land
Lot 12.38 ac (539,273 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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