31084 Lorain Rd North Olmsted, OH 44070
This exceptional 15.65-acre parcel of land, located at 31084 Lorain Rd in North Olmsted, Ohio (zip code 44070), presents a unique opportunity for commercial development. The property boasts a highly desirable B-2 zoning designation, allowing for a wide range of commercial uses. Situated along Lorain Road, this site benefits from exceptional visibility and accessibility, with a daily traffic count exceeding 20,000 vehicles. All seven essential utilities are readily available on-site, simplifying the development process. The location offers convenient access to I-480 via Lorain Road, and is within 10 minutes of both the Ohio Turnpike and Crocker Park, providing excellent connectivity and proximity to a thriving retail and residential area. The property's APN is 23403011|1, 23403013|1. This is an ideal location for businesses seeking high visibility and convenient access to major transportation arteries. The asking price for this remarkable development opportunity is $324,350. Don't miss this chance to acquire a prime commercial land parcel in a rapidly growing area.
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.