38525 Chester RdAvon, OH 44011

Property Details for 38525 Chester Rd

Lot size

2.47 AC

Property size (Sq ft)

20,700 SF

Property type

Retail space

APN

04-00-004-102-204

APU

400004102204

Description

This exceptional 10.31-acre commercial land parcel, located at 38525 Chester Rd in Avon, Ohio, presents a remarkable development opportunity. The property boasts two prime commercial sites, measuring 2.9 and 4.8 acres respectively, offering immediate access and high visibility from Interstate 90, a major transportation artery. This strategic location ensures significant exposure to a large volume of daily traffic, making it ideal for a variety of commercial ventures. The property is zoned C-4, allowing for a wide range of commercial uses, subject to local regulations. All utilities are conveniently located at the sites, simplifying the development process and reducing infrastructure costs. The parcel's APN numbers are 0400004102202 and 0400004102207. Situated in Lorain County, Ohio, with a zip code of 44011, this property offers unparalleled convenience and accessibility. The asking price for this exceptional investment opportunity is $3,850,000. This is a rare chance to acquire a substantial, strategically located commercial land parcel with significant development potential. Don't miss this opportunity to capitalize on the thriving commercial landscape of Avon, Ohio.

• CAP approach

  CAP return

  Valuation

  6%

  $5,474,174

  6.5%

  $5,053,084

  7%

  $4,692,150

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,879,420

  Geo Method

  $4,879,420

• Alternative Use

  Use

  Valuation

  Residential

  $4,262,466

  Hospitality

  $3,904,396

  Educational

  $3,248,411

  Medical

  $3,360,129

  Retail

  $5,053,084

Location Insight

City

Avon

County

Lorain

State

Ohio

Latitude

41.4664

Longitude

-82.0533

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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