2295 Nagel RdAvon, OH 44011

  • Commercial land
  • 12.71 AC

Property Details for 2295 Nagel Rd

Lot size
12.71 AC
Property type
Commercial land
APN
04-00-027-101-196
APU
400027101196

Description

This exceptional free-standing restaurant building presents a unique investment opportunity in Dallas County. Boasting a total of 19,317 square feet on a generous 2.31-acre lot, this property offers significant potential for a variety of culinary concepts. Constructed in 2003, the building is well-maintained and ready for immediate occupancy. The single-tenant configuration provides a streamlined operational structure, while the flexible space allows for customization. The minimum divisible space is 7,700 square feet, providing ample room for a substantial restaurant operation, while the maximum contiguous space available is 11,972 square feet, offering expansion possibilities for a growing business. The property's prominent location within Dallas County ensures high visibility and accessibility, attracting a large customer base. This is an ideal opportunity for an established restaurant seeking to expand or a new venture looking for a turnkey location. The property's size and layout offer significant advantages, including ample parking and potential for outdoor seating. Its strategic location within Dallas County promises strong returns on investment. This is a rare opportunity to acquire a well-established, high-visibility restaurant property in a thriving market. The property's single-tenant status simplifies management and reduces operational complexities. The substantial lot size provides ample room for future expansion or additional development. Don't miss this chance to own a prime piece of Dallas County real estate.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $231,536,000
    Retail / Commercial
    $113,564,000
    Mixed-Use / Specialty
    $109,087,000
    Hospitality / Lodging
    $74,732,700
    Office
    $104,198,000
    Institutional / Educational
    $111,951,000
    Residential Income
    $130,983,000
    Multifamily
    $179,666,000
    Automotive / Energy
    $95,958,400
    Parking / Income-Based Land
    $37,136,800
    Restaurant / Food Service
    $48,047,500
    Healthcare / Senior Housing
    $116,042,000

Location Insight

City
Avon
County
Lorain
State
Ohio
Latitude
41.4577
Longitude
-81.9882
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,623
$258,944
-
$258,944
-
$739,840
-
$739,840

FAQs

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