38296 Colorado AveAvon, OH 44011

Property Details for 38296 Colorado Ave

Year built

2002

Lot size

2.83 AC

Property size (Sq ft)

2,021 SF

Property type

Parking lots & garages

APN

04-00-003-102-027

APU

400003102027

Description

This exceptional 3-acre commercial land parcel presents a unique investment opportunity in Avon, Ohio. Boasting unparalleled visibility from Interstate 90 at the State Route 611 interchange, this site benefits from over 76,000 vehicles passing daily. The property is ideally situated near a 108,000 square foot BJ's Wholesale Club, anchoring a thriving commercial development. The location offers convenient access to the prime western suburbs of Cleveland, including Avon, Avon Lake, Westlake, Sheffield, Bay Village, and Elyria. Major employers such as the Ford Assembly Plant, Cleveland Clinic, and Lubrizol Corporation are nearby, ensuring a strong and stable workforce. Adding to the area's appeal are amenities such as the 3,500-seat Lake Erie Crushers baseball stadium, a YMCA, and the T3 Performance Athletic Training Facility, all conveniently located at this interchange. This site is available for sale, ground lease, or build-to-suit options, providing flexibility for various development scenarios. The high traffic count, strong local economy, and excellent amenities make this a truly exceptional opportunity for commercial development. Don't miss this chance to secure a prime location in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $449,090

  6.5%

  $414,545

  7%

  $384,935

• Comparable approach

  Method

  Valuation

  Relative Method

  $196,606

  Geo Method

  $196,606

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $845,184

  Mixed-Use / Specialty

  $398,204

  Hospitality / Lodging

  $272,799

  Office

  $380,358

  Institutional / Educational

  $408,660

  Residential Income

  $478,132

  Multifamily

  $655,842

  Automotive / Energy

  $350,280

  Parking / Income-Based Land

  $135,562

  Restaurant / Food Service

  $175,389

  Healthcare / Senior Housing

  $423,593

Location Insight

City

Avon

County

Lorain

State

Ohio

Latitude

41.463

Longitude

-82.0514

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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