14039 Lorain AveCleveland, OH 44111
- Retail properties
- 1,320 SF
Property Details for 14039 Lorain Ave
- Year built
- 1971
- Lot size
- 0.40 AC
- Property size (Sq ft)
- 1,320 SF
- Zone code
- GR
- Property type
- Retail properties
- Property subtype
- Parking lots & garages
- APN
- 022-01-013
- APU
- 2201013
Description
This ±0.4-acre commercial lot presents a unique investment opportunity. Strategically located near the highly visible intersection of Lorain Avenue and West 140th Street, this property enjoys excellent visibility and accessibility. Its adjacency to a Wendy's restaurant further enhances its desirability. The site is zoned for commercial use, offering flexibility for a variety of development options. The area boasts a substantial population base, with over 300,000 residents within a 5-mile radius, ensuring a strong potential customer base for any commercial venture. Convenience is a key feature, with proximity to public transportation; the property is situated just 0.5 miles from the RTA West Park Rapid Station Park and Ride, providing easy access for commuters and employees. Furthermore, the location benefits from the presence of numerous major retailers in close proximity, including Starbucks, Popeye's, Subway, Aldi, Marcs, Ross, Big Lots, and Burlington, creating a vibrant and thriving commercial environment. The property's APN is 022-01-013. This parcel is available for sale or ground lease, making it an attractive proposition for both developers and investors seeking a strategic foothold in a densely populated and commercially active area. The single-tenant zoning provides a clear path for development.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $349,078
- 6.5%
- $322,226
- 7%
- $299,210
-
Comparable approach
- Method
- Valuation
- Relative Method
- $311,151
- Geo Method
- $311,151
-
Alternative Use
- Use
- Valuation
- Residential
- $271,809
- Hospitality
- $248,976
- Educational
- $207,145
- Medical
- $214,269
- Retail
- $322,226
Location Insight
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Latitude
- 41.4546
- Longitude
- -81.7911
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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