4838 Us Hwy 250th N Norwalk, OH 44857-9752
Property summary
This exceptional 8.721-acre development site in Norwalk, Ohio, presents a remarkable redevelopment opportunity. Located on US Highway 250 North, this unzoned property boasts a prime location with high visibility and significant traffic volume, benefitting from an AADT of 13,845 (2018 data). Its strategic proximity to Interstate 80/90 (less than 4 miles) and Cedar Point (15 miles) enhances its appeal and accessibility. The property is comprised of three parcels (APN: 27012A020130000, 27012A020140000, 27012A020150000) and offers considerable flexibility for various development scenarios. Existing improvements include a 12,000 square foot warehouse, two storage garages totaling 9,666 square feet, a 786 square foot office space, and a 2,730 square foot house suitable for additional office space. A 5,546 square foot service bay garage further adds to the existing building footprint, resulting in a total warehouse and service bay area of 27,426 square feet. The property is zoned for potential retail, residential, industrial, or hotel development, and is also subdividable, providing numerous options for investors and developers. The asking price is $1,800,000, translating to $206,398 per acre. The Berlin Milan LSD serves as the local school district.
Property profile
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Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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