37718 Center Ridge RdNorth Ridgeville, OH 44039

  • Commercial land
  • 1,411 SF

Property Details for 37718 Center Ridge Rd

Year built
1900
Lot size
0.50 AC
Property size (Sq ft)
1,411 SF
Property type
Commercial land
APN
07-00-034-000-003
APU
700034000003

Description

This exceptional commercial land offering presents a unique investment opportunity in the thriving North Ridgeville, Ohio market. Comprising two distinct parcels totaling 51.53 acres, this property is zoned B-2, allowing for a wide range of commercial development possibilities. The individual parcels, measuring 24.86 acres and 26 acres respectively, offer flexibility for developers seeking to create either a large-scale project or multiple smaller developments. Both parcels are divisible, providing further adaptability to suit diverse project needs and scales. The property's strategic location benefits from the presence of numerous established national restaurants and retailers in the immediate vicinity, ensuring high visibility and convenient access for potential businesses. This prime location makes it ideal for a variety of commercial ventures, including outlet malls, retail centers, medical facilities, or office complexes. The property's size and zoning regulations provide significant potential for substantial returns on investment. Situated at 37718 Center Ridge Road, North Ridgeville, OH 44039, this property offers unparalleled access and visibility within a dynamic commercial landscape. With its excellent location and flexible zoning, this land presents a compelling opportunity for discerning investors and developers seeking a high-impact commercial development project.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $290,548
    Hospitality
    $266,140
    Educational
    $221,426
    Medical
    $229,041
    Retail
    $344,440

Location Insight

City
North Ridgeville
County
Lorain
State
Ohio
Latitude
41.3848
Longitude
-82.0432
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
$739
$10,721
-
$10,721
-
$30,630
-
$30,630

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