426 Opportunity Way Lagrange, OH 44050-9021
This exceptional 3.295-acre parcel, located at 426 Opportunity Way, LaGrange, Ohio 44050 (APN 1500055104100), presents a unique investment opportunity. Currently zoned R-1, the property offers significant potential for various developments. The land's size and zoning provide flexibility for a range of projects. While the current zoning is R-1, the marketing materials indicate a transitional use district (T-1) designation, allowing for a broader spectrum of permitted uses. These include, but are not limited to, supervised nursing care facilities, assisted living and physical rehabilitation centers, along with associated hospitality suites. Additionally, the zoning permits professional offices, banks and other financial institutions, and outpatient medical and surgical hospitals, medical centers, and clinics. This makes the property attractive to developers seeking to capitalize on the growing demand for healthcare and related services in the area. The asking price for this strategically located land is $78,000. This represents a compelling opportunity for investors seeking a high-return development project in a desirable Ohio location. The property's address is easily accessible, offering convenient access to local amenities and transportation routes. Serious inquiries are encouraged.
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
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.