3700 Williston Rd Northwood, OH 43619
This exceptional commercial land offering presents a unique investment opportunity in Northwood, Ohio. Comprising three parcels totaling approximately 4.09 acres (2.05 acres, 0.84 acres, and 1.20 acres respectively), this property is strategically located at a heavily traveled intersection of Hwy 51 and Williston Rd, boasting high visibility and accessibility. The site is zoned for commercial use and benefits from existing utilities and paved land, making it ideal for immediate development. Anchored by a Family Farm & Home store, this location enjoys significant traffic volume. Furthermore, its proximity (less than 1/8 mile) to "The Enclave," a large mixed-use development project currently under construction, promises increased population and enhanced commercial activity in the area. "The Enclave" is a 100-acre, $7 million project featuring residential and commercial properties. This prime location is perfectly suited for a variety of retail uses, including convenience stores, fast-food restaurants, and gas stations. Attractive incentives are available to prospective buyers, including a 100% tax abatement and eligibility for the Job Creation and Retention Program Grant. The City of Northwood actively encourages new businesses through various incentive programs. Individual parcel pricing is as follows: Parcel 1: $225,000
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
Similar Nearby for Lease
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.