For Sale
$2,000,000

12676 Main StBurton, OH 44021

64 Acres, M1 Zoning, Tax Abatement

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 64.43-acre commercial land parcel, located at 12676 Main St, Burton, OH 44021, presents a compelling investment opportunity. Zoned M1 General Industry, this property boasts 848 feet of frontage on Route 422, directly across from the Great Lakes Industrial Parkway, ensuring high visibility and accessibility. A significant advantage is the potential for a community revitalization area (CRA) tax abatement of up to 15 years, offering a substantial tax break of up to 14% on new buildings. Additional tax discounts may be available for qualified forestry. The property's strategic location provides easy access to I-80, with a daily traffic count of 14,859 vehicles, and benefits from a traffic light and turning lane at the existing industrial park. Its proximity to major population centers—within a 700-mile radius of two-thirds of the US and Canadian population—makes it an ideal location for various commercial ventures. Infrastructure is well-established, including three city sewer manholes and natural gas availability on the site. Currently, the property generates income from three residential rentals, a large barn, and two horse walking stalls. Development possibilities are numerous, including corporate office complexes, light industrial facilities, gas stations, rehabilitation or long-term care facilities, distribution centers, and more. The property is less than 25 minutes from downtown Cleveland and within a 20-45 minute drive of five airports, with an emergency life flight facility at Great Lakes Park. The asking price is $2,000,000. APN: 32-043900.

Highlights

  • $2,000,000 asking price for 64.43 acres of commercial land.
  • M1 General Industry zoning.
  • Located at 12676 Main St, Burton, OH 44021 (APN 32-043900).
  • Potential for up to a 15-year tax abatement through a Community Revitalization Area (CRA) program.

Property Details for 12676 Main St

Property type
Land
Lot Size (sq. ft)
2,806,571 SF

Location Insight

City
Burton
County
Geauga
State
Ohio
Latitude
41.4746209
Longitude
-81.145119
12676 Main St, Burton, Ohio

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12676 Main St
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