35960 Royalton RdGrafton, OH 44044

Property Details for 35960 Royalton Rd

Year built

1987

Lot size

0.87 AC

Property size (Sq ft)

1,394 SF

Property type

Retail properties

Property subtype

Retail space

APN

11-00-046-000-037

APU

1100046000037

Description

This exceptional commercial property, located at 35980 Royalton Road in Grafton, Ohio, presents a unique investment opportunity. The property encompasses two buildings totaling 5,470 square feet, situated on a substantial 3.239-acre lot. The buildings are single-story structures, ideally suited for a variety of commercial uses. The property's prime location at the signalized intersection of SR 83 and SR 82 offers exceptional visibility and accessibility, making it an attractive site for businesses seeking high traffic exposure. The property's zoning and potential uses are diverse, including but not limited to fuel stations, drive-thru restaurants, and retail plazas. The asking price for this strategically located commercial property is $1,500,000. The property's APN numbers are 1100046000037 and 1100046000041. This is a rare opportunity to acquire a significant commercial property in a thriving Ohio market. The property's size and location make it an ideal candidate for redevelopment or expansion, offering substantial potential for future growth and return on investment. The address is 35980 Royalton Road, Grafton, OH 44044. This property is zoned for a variety of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $385,463

  6.5%

  $355,812

  7%

  $330,397

• Comparable approach

  Method

  Valuation

  Relative Method

  $328,595

  Geo Method

  $328,595

• Alternative Use

  Use

  Valuation

  Residential

  $300,141

  Hospitality

  $274,927

  Educational

  $228,736

  Medical

  $236,603

  Retail

  $355,812

Location Insight

City

Grafton

County

Lorain

State

Ohio

Latitude

41.3145

Longitude

-82.0203

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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