35980 Royalton Rd Grafton, OH 44044
For Sale
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This exceptional 3.2-acre commercial land parcel in Grafton, Ohio, presents a remarkable investment opportunity. Located at the highly visible, signalized intersection of State Route 83 and State Route 82 in Lorain County, this property boasts over 700 feet of road frontage, ensuring maximum exposure for any development. Zoned LC-1, it's ideally suited for a variety of commercial uses, including a fuel station, drive-thru restaurant, or retail plaza. The site benefits from full utility availability, simplifying the development process. Its strategic location is further enhanced by its proximity to the Eaton Township Hall and a thriving residential area, with over 670 homes built or currently under construction within the last three years, providing a substantial and growing customer base. This prime location offers unparalleled access and visibility, making it an exceptional opportunity for investors seeking high-impact commercial development in a rapidly growing community. The asking price is $1,700,000. The property's size and location make it a truly unique opportunity in the Grafton market.
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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.