38Th St Ashtabula, OH 44004
- Land
- 52.36 lot acres
Current Use by Public Records
- Land
Property Details for 0 38Th St
- Lot size
- 52.36 lot acres
- Property type
- Land
Description
This exceptional 52.36-acre parcel presents a unique investment opportunity in Ashtabula County, Ohio. Located in Edgewood, at the address of E 38th St, zip code 44004, this property is zoned R-2 for low-density residential development, offering significant potential for residential construction. The asking price is $525,000, translating to approximately $10,000 per acre. A key advantage is the property's convenient location within Ashtabula's retail corridor, ensuring excellent accessibility and high visibility. Furthermore, its proximity to the recently completed 51-unit Resolution Apartments workforce housing development suggests a strong existing demand for residential units in the area. All utilities are readily available at the site, simplifying the development process. High traffic counts further enhance the property's appeal, with ODOT TIMS reporting 20,575 vehicles per day (VPD) on N Ridge and 14,012 VPD on Route 11. This prime location, combined with its favorable zoning and infrastructure, makes this a compelling opportunity for developers seeking a high-potential residential project in a thriving Ohio community. The property's size and strategic location offer substantial potential for a profitable residential development. This is a rare chance to acquire a large, well-situated parcel ready for immediate development.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ashtabula
- County
- Ashtabula
- State
- Ohio
- Longitude
- -80.7641
- Latitude
- 41.8724
