32 Stower Ln Norwalk, OH 44857-2610
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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