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Property profile & analytics
FOR SALE
Commercial land

25675 Lorain Rd North Olmsted, OH 44070

2,145 SF 0.32 ac lot Built 1975
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US66-1260724
25675 Lorain Rd, North Olmsted, OH 44070 For Sale
$250,000 2,145 SF
25675 Lorain Rd, North Olmsted, OH 44070
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Property summary
AI-generated overview

This exceptional 0.321-acre commercial land parcel is ideally situated at the high-traffic corner of Lorain Road and Bailey Road in North Olmsted, Ohio. Its strategic location offers unparalleled visibility and accessibility, boasting proximity to established businesses such as Litehouse Pools & Spas and across from the west-side Ganley Auto dealership. The property is zoned B-3, presenting a multitude of development opportunities for businesses seeking a prominent presence in this thriving area. The lot's size provides ample space for various commercial ventures, while its high-traffic location ensures significant exposure to potential customers. A Phase I environmental assessment was completed in 2015, providing a solid foundation for future development plans. The property's address is 25675 Lorain Rd, North Olmsted, OH 44070, with the APN number 23603002. The asking price for this prime commercial land is $250,000. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a rapidly growing area. Don't miss out on this chance to establish your business in a prime location.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1975
Total area 2,145 SF
Lot 0.32 ac (13,985 SF)
APN 236-03-002
UPID US66-1260724
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Litespa Properties LLC · 11 yrs held
Litespa Properties LLC
since 2015
3 recorded transactions
2015
$991,000
2008
$1.3M
2001
$500,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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