255 Cleveland Ave Lancaster, OH 43130
This exceptional .68-acre residential lot, located at 255 Cleveland Avenue in Lancaster, Ohio, presents a rare opportunity for development. Boasting a generous 29,620.8 square feet of mostly level land, this property offers significant potential. The lot features two partial driveways and an existing shed, providing a convenient starting point for construction. The rear and one side of the property are attractively tree-lined, offering a degree of privacy and natural beauty. All municipal utilities are available, although buyers are responsible for verifying availability and permitted uses. Conveniently situated within city limits, this property enjoys easy access to Route 33 and is in close proximity to the vibrant downtown area of Lancaster. The property's zoning and permitted uses must be verified by the buyer. This is an ideal opportunity for those seeking to build a new home in a desirable location with established infrastructure. The asking price for this remarkable property is $49,000. Don't miss out on this chance to acquire a substantial building lot in a thriving Ohio community. The zip code is 43130.
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
Physical attributes from public recordsZoning & alternative use
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.