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Property profile & analytics
OFF-MARKET
Commercial real estate

23425 Miles Rd Warrensville Heights, OH 44128

0.52 ac lot
Property ID
US66-0439026
Property summary
AI-generated overview

This exceptional 0.524-acre commercial lot, located at 23425 Miles Road in Warrensville Heights, Ohio, presents a unique investment opportunity. Zoned U-6 (limited industrial) by the city, this property offers significant potential for various commercial uses. The existing structure, a single-family home, requires renovation but could generate approximately $1,400 in monthly rental income after improvements. The property boasts several desirable features including a newer roof, an attached two-car garage, a modern furnace, and a newer hot water tank. Convenient basement laundry adds to its practicality. While the property is being sold as-is, the buyer will assume any existing violations. Situated west of Green Road in Cuyahoga County, this lot provides easy access to major transportation routes and nearby amenities. Its size and zoning make it ideal for developers or investors seeking a versatile property in a thriving Ohio community. The asking price is $80,000. This is a rare opportunity to acquire a valuable piece of land with significant upside potential in a desirable location. The 44128 zip code offers a strategic location for various commercial ventures. Don't miss this chance to capitalize on this promising investment.

Property profile
Verified
Property type Commercial real estate
Lot 0.52 ac (22,825 SF)
UPID US66-0439026
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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