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    OFF-MARKET
    Commercial land

    8152 Lewis Rd, Olmsted Falls, OH 44138-2058

    1,826 SF 2.5 ac lot Built 1928
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US66-1883240
    Property summary
    AI-generated overview

    This exceptional 2.5-acre commercial land parcel presents a unique opportunity for development in Olmsted Falls, Ohio. Located at 8152 Lewis Rd, zip code 44138, this single-tenant property is zoned P-2, offering considerable flexibility for a variety of commercial uses. The expansive lot size provides ample space for construction, ensuring ample room for building and potential future expansion. The property's address is easily accessible, boasting excellent visibility and convenient access to major transportation routes. This is an ideal location for businesses seeking a prominent presence in a thriving community. With its strategic location and generous acreage, this property is poised for significant growth and return on investment. The absence of existing structures allows for complete design customization, tailored to the specific needs of the future tenant or owner. Serious inquiries are encouraged to explore the potential of this remarkable commercial land opportunity. The property is currently available for lease. Detailed zoning information and site plans are available upon request. Don't miss this chance to secure a prime piece of commercial real estate in Olmsted Falls.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1928
    Total area 1,826 SF
    Lot 2.5 ac (108,974 SF)
    Zoning code P-1
    APN 281-23-015
    UPID US66-1883240
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Rini Realty Co · 7 yrs held
    Rini Realty Co
    since 2018
    4 recorded transactions
    2018
    $175,000
    2007
    2006
    $365,000
    1969
    Zoning & alternative use
    P-1 · Olmsted Falls, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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