8015 Leavitt RdAmherst, OH 44001

Property Details for 8015 Leavitt Rd

Year built

1960

Lot size

1.46 AC

Property size (Sq ft)

7,539 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

05-00-046-000-032

APU

500046000032

Description

This exceptional commercial property in Amherst, Ohio, presents a significant investment opportunity. The 30.82-acre lot boasts a substantial 7,629 square foot building, complemented by ample parking for 1,178 vehicles. Its strategic location offers unparalleled visibility and convenient access to and from Interstates 90 and 80, ensuring high traffic volume and excellent exposure. The property is situated amongst other prominent dealerships, including Chrysler, Jeep, Dodge, Chevrolet, and JD Byrider, creating a synergistic environment and attracting a substantial customer base. The site features a well-designed main entrance with dedicated left-turn lanes, optimizing traffic flow and accessibility. Currently zoned GB-1 (General Business), this property offers immense potential for a variety of commercial uses. The combination of size, location, and existing infrastructure makes this a truly remarkable opportunity for expansion or new development in a thriving commercial area. The property's substantial size and existing building provide immediate operational capabilities, while the prime location ensures long-term value and growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,993,710

  6.5%

  $1,840,348

  7%

  $1,708,894

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,777,099

  Geo Method

  $1,777,099

• Alternative Use

  Use

  Valuation

  Residential

  $1,552,402

  Hospitality

  $1,421,992

  Educational

  $1,183,081

  Medical

  $1,223,769

  Retail

  $1,840,348

Location Insight

City

Amherst

County

Lorain

State

Ohio

Latitude

41.3798

Longitude

-82.2094

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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