47500 Middle Ridge Rd Amherst, OH 44001
This exceptional 35.78-acre parcel of land, located at 47500 Middle Ridge Rd, Amherst, Ohio 44001, presents a remarkable development opportunity. Situated in Lorain County, this property boasts a prime location and has already received approval for the construction of 70 residential lots. The expansive acreage offers significant potential for creating a thriving new residential community. The asking price for this land is $1,800,000. This represents a unique chance for investors and developers to capitalize on the growing market in Amherst, Ohio. The property is zoned for residential development, simplifying the process of building a new subdivision. The existing approvals significantly reduce the time and cost associated with obtaining necessary permits. Given its size and location, this property is well-suited for a variety of residential development projects, from single-family homes to townhouses or a mix of housing types. The existing infrastructure and proximity to amenities further enhance the appeal of this development opportunity. This is a rare chance to acquire a large, approved development site in a desirable location, offering substantial returns for the right investor or developer. Don't miss this chance to build a successful residential community in a thriving market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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.