11745 Pearl Rd Strongsville, OH 44136
This exceptional 1.81-acre commercial land parcel in Strongsville, Ohio, presents a remarkable investment opportunity. Located at 11745 Pearl Road (SR-42), this property boasts approximately 235 feet of frontage and approximately 390 feet of depth, situated at a traffic signal with an estimated 23,600 vehicles passing daily. The General Business (G-B) zoning allows for a wide range of retail uses. While a 1,064 square foot, three-bedroom, two-bathroom home is present on the site, it has structural issues and a report detailing these is available. The property offers convenient highway access, situated just 2.5 miles from the I-71/SR-82 (Royalton Road) interchange. Utilities are available on-site. Please note that a Phase 1 environmental study, geotechnical report, and wetland study have not yet been conducted. Annual property taxes for 2022 were $3,901. The asking price for this strategically located parcel is $329,000. Potential exists for upgrading the traffic signal to a four-way intersection. This property is in Cuyahoga County, Ohio, zip code 44136.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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