1150 Milan Ave Amherst, OH 44001
- Commercial land
- 2.95 lot acres
Current Use by Public Records
- Commercial land
Property Details for 1150 Milan Ave
- Lot size
- 2.95 lot acres
- Property type
- Commercial land
- APN
- 05-00-004-102-004
- APU
- 500004102004
Description
This exceptional 56.96-acre parcel in Amherst, Ohio, presents a unique opportunity for residential development. Located at 1150 Milan Ave, Amherst, OH 44001, this property boasts flexible zoning, allowing for a mix of single-family homes and multi-family apartments. The land is free and clear, with APN numbers 0500004103018, 0500004102006, 0500004102004, 0500004102005, 0500004101009, 0500004101006, and 0500004101005. While not currently serviced by city water and sewer, these utilities are readily accessible along Milan Avenue to the north and in nearby subdivisions to the east, with the city confirming sufficient capacity for residential development. The property benefits from excellent access to Ohio Route 2 and Interstate 80, and its development aligns with both the city's and seller's objectives, ensuring a cooperative and streamlined process. The Amherst school district is highly rated, adding significant appeal to potential residents. This is a rare opportunity to create a first-rate residential community in a desirable location with minimal infrastructure costs due to the proximity of utilities. The property is situated in Lorain County.
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
- Amherst
- County
- Lorain
- State
- Ohio
- Longitude
- -82.2458
- Latitude
- 41.3953
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
