For Sale
$1,300,000

1641 Root RdLorain, OH 44052

16.1 Acres, Mixed-Use Potential

Overview

Added:
Dec 11, 2024
Days on market:
113
This 16.1-acre property in Lorain, Ohio, presents a unique redevelopment opportunity. Currently zoned commercial, it includes three parcels with frontage on Root Rd and offers significant potential for hotels, restaurants, and boutique shops. The land itself holds the primary value, featuring existing gas and water wells, and all mineral rights are included in the sale. The property's strategic location near Lake Erie, a new race car facility, and a planned 300-acre Metro Sports Entertainment Complex, coupled with proximity to I-90, ensures high visibility and accessibility. Further enhancing its appeal, the site benefits from the positive economic impact of a proposed Bartlett Maritime Corporation submarine component repair facility, actively supported by Senator Sherrod Brown and federal officials. This project, along with the sports complex, promises substantial growth and increased demand in the Lorain/Sheffield area, making this a prime location for ground-floor development. The asking price is $1,300,000. Additional land may be available. The property is classified as Class C and consists of one building. The property is currently used as a residential home and apartment.

Property Details for 1641 Root Rd

Property type
Lifestyle centers, Power centers
Class
C
Buildings
1
Lot Size (sq. ft)
701,316 SF

Location Insight

City
Lorain
County
Lorain
State
Ohio
Latitude
41.465752634422
Longitude
-82.132326556665
1641 Root Rd, Lorain, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1641 Root Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message