Property profile

215 Leavitt Rd Amherst, OH 44001

OFF-MARKET
Retail space
Property ID
US66-1683423
1,736 SF 0.67 ac lot Built 1940
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional Amherst, OH property presents a unique investment opportunity. Encompassing two parcels totaling one acre, this mixed-use property sits on a high-traffic street, offering unparalleled visibility and accessibility. The zoning allows for a blend of residential and commercial uses, opening doors to a wide range of development possibilities. Imagine the potential for a thriving business with residential units above, or a multi-faceted commercial venture. The property's prime location ensures high foot traffic and easy access for customers and residents alike. The large one-acre lot provides ample space for expansion or future development, allowing for significant growth and return on investment. This is a rare chance to acquire a versatile property in a desirable location with substantial upside potential. The asking price of $850,000 reflects the property's significant value and promising future. Don't miss this chance to secure a piece of Amherst's vibrant commercial landscape. Act quickly, as opportunities like this are seldom available. The address is 215 N Leavitt Road, Amherst, OH.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1940
Construction FRAME
Total area 1,736 SF
Lot 0.67 ac (29,185 SF)
APN 05-00-042-101-014
UPID US66-1683423

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

215 Leavitt Rd Amherst, OH 44001-1124
Amherst metro Census 50200 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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