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Property profile & analytics
OFF-MARKET
Commercial land

32 Stower Ln Norwalk, OH 44857-2610

1.09 ac lot
Entity Owned 4-yr Hold Free & Clear
Property ID
US66-4590063
Property summary
AI-generated overview

This exceptional 1.095-acre commercial land parcel presents a remarkable opportunity for business development in Norwalk, Ohio. Strategically located off the main North entrance to Norwalk on Route 250, this property boasts high visibility with a nearby traffic count of 14,496 vehicles. Its prime location is adjacent to The Shoppes at Norwalk Commons and in close proximity to a movie theater, Fisher Titus Convenient Care, and a surgery center, ensuring high foot traffic and convenient access for potential customers. The lot is zoned for commercial use and features a significant advantage: 10 paved parking spaces are already installed, accompanied by a non-exclusive easement. While the owner retains the right to utilize these parking spaces, they are not responsible for maintenance, repairs, snow removal, or replacements. This ready-to-develop site offers immediate potential for a wide range of commercial ventures, making it an ideal investment for entrepreneurs seeking a high-traffic, well-located property in a thriving community. The asking price is $119,900. The property is located at 32 Stower Lane, Norwalk, OH 44857. Huron County.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.09 ac (47,698 SF)
APN 52-160D-01-024-0202
UPID US66-4590063
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
Norwalk Dental Arts LLC · 4 yrs held
Norwalk Dental Arts LLC
since 2022
Last sale
$76,000
6 recorded transactions
2022
Price N/A
2022
$76,000
2019
Price N/A
2016
Price N/A
2014
$400,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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