47500 Middle Ridge Rd Amherst, OH 44001
- Commercial real estate
- 35.78 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 47500 Middle Ridge Rd
- Lot size
- 35.78 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Amherst
- County
- Lorain
- State
- Ohio
- Longitude
- -82.234004
- Latitude
- 41.381834
