2162 State Route 45 Austinburg, OH 44010
This exceptional 1.61-acre parcel, located at 2162 State Route 45 (Center Rd) in Austinburg, Ohio, presents a compelling investment opportunity. The property features a 1,528 square foot, two-story structure built in 1940, offering potential for redevelopment or repurposing. The land is zoned for Accommodation/Commercial use, providing flexibility for various development scenarios. With 228.5 feet of frontage on State Route 45, this site benefits from high visibility and significant traffic flow. Utilities are conveniently located at the street, simplifying development plans. The property's strategic location is further enhanced by its adjacency to the new Fairfield Inn & Suites by Marriott Ashtabula, indicating a growing and thriving area. Its proximity to Interstate 90 ensures excellent accessibility and connectivity. The APN is 07-003-00-048-00. This is a prime location in a developing area, offering significant potential for investors seeking high-traffic exposure and development opportunities. Additional acreage may be available separately. The asking price is $269,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.