Property profile

46400 Telegraph Rd Amherst, OH 44001

OFF-MARKET
Retail space
Property ID
US66-6076298
20,632 SF 1.84 ac lot Built 1974
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 1.84-acre property located at 46400 Telegraph Road in Amherst, Ohio, presents a remarkable investment opportunity. The substantial multi-use building offers significant potential for a variety of commercial ventures. Currently, a portion of the building generates income through a successful retail store tenant and a separate storage area. A large section of the building, previously used as a church, provides ample space for redevelopment. This area could be easily adapted to accommodate a range of uses, including additional retail space, office space, or even event spaces such as reception halls. The existing retail tenant and storage area provide a stable income stream, while the expansive adaptable space offers significant upside potential for future growth and expansion. The property's size and versatility make it an ideal investment for entrepreneurs and developers seeking a high-return opportunity in a desirable location. The building's substantial size and diverse layout offer flexibility for a wide range of commercial uses, making it a truly unique and promising investment prospect. The current rental income provides a solid foundation for future development, while the potential for expansion and diversification ensures a strong return on investment. This is a rare opportunity to acquire a large, versatile commercial property with significant income potential and a prime location in Amherst, Ohio. The asking price is $449,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1974
Total area 20,632 SF
Lot 1.84 ac (80,150 SF)
APN 05-00-029-000-086
UPID US66-6076298

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

46400 Telegraph Rd Amherst, OH 44001-2856
Amherst metro Census 57100 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
$795k
Blend (final) Blend
$745k

Owner & transaction history

since 2026
2 recorded transactions
2026
$191,500
2005
$600,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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