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16206 Center StLaGrange, OH 44050

3-Acre Site, High-Growth Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 3-acre commercial land parcel presents a unique investment opportunity in the burgeoning North Pointe Development in LaGrange, Ohio. Located at 16206 N Center St, 44050, this strategically positioned site sits at the main entrance of the future development, ensuring high visibility and accessibility. The property offers approximately 2.5 acres for development, presenting several exciting possibilities for prospective buyers. A build-to-suit option allows for customized construction tailored to specific business needs. Alternatively, a ground lease arrangement could provide a steady stream of passive income. For developers seeking a multi-tenant retail space, the site offers ample room for a building up to 20,000 square feet. The surrounding North Pointe Development is poised for significant growth, with plans for approximately 130 single-story and multifamily residential units. Construction on the multifamily component is scheduled to commence in 2024, further enhancing the area's appeal and driving increased foot traffic and consumer demand. This prime location in Lorain County, Ohio, offers a compelling blend of immediate development potential and long-term growth prospects, making it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving community. The property is zoned for commercial use and is ready for immediate development. Contact us today to learn more about this exceptional opportunity.

Highlights

  • 3-acre commercial land parcel in LaGrange, Ohio's North Pointe Development.
  • High-visibility location at the development's main entrance on N Center St.
  • Approximately 2.5 acres available for development; build-to-suit or ground lease options.
  • Potential for a 20,000 sq ft multi-tenant retail building.
  • Surrounding development includes 130+ residential units (multifamily construction starting 2024).
  • Commercially zoned and ready for immediate development.

Property Details for 16206 Center St

Property type
Land
RSF (Rentable sq. ft)
108,900 SF

Unit(s) available at that property

Space
Size
108,900 SF

Location Insight

City
LaGrange
County
Lorain
State
Ohio
Latitude
41.2493513
Longitude
-82.1196873
16206 Center St, LaGrange, Ohio

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16206 Center St
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