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Property profile & analytics
OFF-MARKET Estimated value $735,000
Retail space

38525 Chester Rd Avon, OH 44011-1177

20,700 SF 2.47 ac lot
Entity Owned Free & Clear
Property ID
US66-4585768
Property summary
AI-generated overview

This exceptional 10.31-acre commercial land parcel, located at 38525 Chester Rd in Avon, Ohio, presents a remarkable development opportunity. The property boasts two prime commercial sites, measuring 2.9 and 4.8 acres respectively, offering immediate access and high visibility from Interstate 90, a major transportation artery. This strategic location ensures significant exposure to a large volume of daily traffic, making it ideal for a variety of commercial ventures. The property is zoned C-4, allowing for a wide range of commercial uses, subject to local regulations. All utilities are conveniently located at the sites, simplifying the development process and reducing infrastructure costs. The parcel's APN numbers are 0400004102202 and 0400004102207. Situated in Lorain County, Ohio, with a zip code of 44011, this property offers unparalleled convenience and accessibility. The asking price for this exceptional investment opportunity is $3,850,000. This is a rare chance to acquire a substantial, strategically located commercial land parcel with significant development potential. Don't miss this opportunity to capitalize on the thriving commercial landscape of Avon, Ohio.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 20,700 SF
Lot 2.47 ac (107,593 SF)
APN 04-00-004-102-204
UPID US66-4585768
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
Current use
Occupant on record · Public records
  • ABC Equipment Rental & Sales (Bike/Boat/Book/etc) Store Rental Equipment Company
  • Avon Truck Services Center Auto Repair Shop
  • A. Zatik Law, LLC Law Firm
  • Play: CLE Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$585k
CAP Approach CAP
by Request
Comparable Approach Comparable
$797k
Blend (final) Blend
$735k
Owner & transaction history
38525 PROPERTY MANAGEMENT LLC
38525 PROPERTY MANAGEMENT LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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