32499 Lorain Rd North Ridgeville, OH 44039
For Sale
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This exceptional 1-acre commercial lot in North Ridgeville, Ohio (APN 0700003102065), is perfectly situated for immediate development. Located at 32499 Lorain Rd, 44039, this property boasts a highly desirable B-3 Highway Commercial District zoning (Chapter 1268), allowing for a wide range of retail, restaurant, and service uses, including car washes. The site, measuring approximately 213' x 576', benefits from two existing curb cuts and shared access with a neighboring Starbucks, ensuring optimal traffic flow and visibility at a signalized intersection. Daily traffic counts average approximately 17,451 vehicles. This prime location is within a thriving retail corridor, adjacent to a new Starbucks and surrounded by established businesses such as McDonald's, Burger King, Culver's, Panera Bread, Sheetz, Chipotle, Taco Bell, Dunkin', Kindercare, and University Hospitals. The previous building has been demolished, leaving the site cleared and ready for construction. A comprehensive due diligence package is available for prospective buyers. Asking price is $1,200,000.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.