35980 Royalton RdGrafton, OH 44044

  • Industrial properties
  • 9,000 SF
For Sale
$1,700,000 View listing

Property Details for 35980 Royalton Rd

Year built
2003
Lot size
2.36 AC
Property size (Sq ft)
9,000 SF
Property type
Industrial properties
Property subtype
Other warehouses
APN
11-00-046-000-041
APU
1100046000041

Description

This exceptional 3.2-acre commercial land parcel in Grafton, Ohio, presents a remarkable investment opportunity. Located at the highly visible, signalized intersection of State Route 83 and State Route 82 in Lorain County, this property boasts over 700 feet of road frontage, ensuring maximum exposure for any development. Zoned LC-1, it's ideally suited for a variety of commercial uses, including a fuel station, drive-thru restaurant, or retail plaza. The site benefits from full utility availability, simplifying the development process. Its strategic location is further enhanced by its proximity to the Eaton Township Hall and a thriving residential area, with over 670 homes built or currently under construction within the last three years, providing a substantial and growing customer base. This prime location offers unparalleled access and visibility, making it an exceptional opportunity for investors seeking high-impact commercial development in a rapidly growing community. The asking price is $1,700,000. The property's size and location make it a truly unique opportunity in the Grafton market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,922,009
    Hospitality
    $1,760,550
    Educational
    $1,464,757
    Medical
    $1,515,132
    Retail
    $2,278,511
35980 Royalton Rd, Grafton, Ohio

Location Insight

City
Grafton
County
Lorain
State
Ohio
Latitude
41.3149
Longitude
-82.02
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
$7,253
$31,994
$90,318
$122,312
-
$91,410
$258,050
$349,460

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