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    FOR SALE
    Commercial land

    880 N Lake St, Amherst, OH 44001

    Property ID
    US66-1816232
    Property summary
    AI-generated overview

    SVN I proud to present Rosepoint Farms: 56 acres of prime, level, rectangular-shaped, greenfield at the North Lake Rd. exit of Ohio State Route 2 in Amherst, Ohio and is near access to Interstates 80 and 90. The property is poised for a mixed-use development of apartments, single-family housing, and service-oriented retail. The City of Amherst is prepared to work with an experienced developer (s) to achieve a “pristine gateway” development to provide a lifestyle look and feel to this property. Utilities are close by and are controlled by the City making development very efficient for planning purposes. Amherst is located 34 miles west of Cleveland, Ohio, and is part of the 18 counties, Northeast Ohio Region, comprising over 4 million population. Amherst has excellent schools and possesses a small-town feel, but still close to the amenities of a big city such as 3 major league sports teams, unparalleled theater options, over a dozen close-by colleges, and the best of health care options including Cleveland Clinic and University Hospitals. It also is a half-hour drive to the perennial award-winning Cedar Point Amusement park, the Number 1 tourist attraction in the State of Ohio. Rosepoint Farms is located at the intersection of Ohio Route 2 which extends to I 90 eastward and North Lake Rd. in Amherst, Ohio a western suburb of Cleveland, Ohio which is 34 miles away. Amherst is a city in Lorain County which borders Cuyahoga County of which Cleveland is the County Seat. Cleveland Hopkins International Airport is a short 28 minute drive. Lorain County has 23 miles of Lake Erie shoreline providing a rich supply of freshwater.

    Property profile
    Verified
    Property type Commercial land
    UPID US66-1816232
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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