2508 Oh-60 Wakeman, OH 44889
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.
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
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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.