Property summary
This exceptional 0.71-acre commercial outlot presents a unique investment opportunity in the thriving retail heart of Norwalk, Ohio. Strategically located directly in front of a Walmart Supercenter, this property boasts unparalleled visibility and accessibility. The site is zoned to accommodate a wide range of commercial uses, including retail, restaurants, drive-thrus, and automotive businesses. This prime location benefits from high traffic counts and a strong customer base drawn to the surrounding retail anchors. Nearby establishments include ALDI, Chipotle, Dunkin', Arby's, KFC, McDonald's, and numerous other popular restaurants and retailers. The surrounding area demonstrates significant economic strength, with an average household income exceeding $76,851 within a 5-mile radius and a population of 26,981 within the same proximity. This property is ideal for developers seeking a high-traffic location with excellent visibility or businesses looking for a build-to-suit opportunity in a densely populated and affluent area. The ground lease option provides flexibility for investors seeking passive income, while the build-to-suit option allows for customized development to meet specific business needs. Don't miss this chance to secure a premier commercial location in a rapidly growing market.
Property profile
VerifiedCap rate & NOI
Current use
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Car Wash
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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