1641 Root Rd Lorain, OH 44052

This 16.1-acre property in Lorain, Ohio, presents a unique redevelopment opportunity. Currently zoned commercial, it includes three parcels with frontage on Root Rd and offers significant potential for hotels, restaurants, and boutique shops. The land itself holds the primary value, featuring existing gas and water wells, and all mineral rights are included in the sale. The property's strategic location near Lake Erie, a new race car facility, and a planned 300-acre Metro Sports Entertainment Complex, coupled with proximity to I-90, ensures high visibility and accessibility. Further enhancing its appeal, the site benefits from the positive economic impact of a proposed Bartlett Maritime Corporation submarine component repair facility, actively supported by Senator Sherrod Brown and federal officials. This project, along with the sports complex, promises substantial growth and increased demand in the Lorain/Sheffield area, making this a prime location for ground-floor development. The asking price is $1,300,000. Additional land may be available. The property is classified as Class C and consists of one building. The property is currently used as a residential home and apartment.