360 Center StSeville, OH 44273

Property Details for 360 Center St

Year built

2022

Lot size

11.81 AC

Property size (Sq ft)

6,417 SF

Property type

Retail properties

Property subtype

Retail space

APN

012-21A-04-049

APU

01221A04049

Description

This exceptional 3.93-acre commercial land parcel presents a unique investment opportunity in Seville, Ohio. Ideally situated as an outparcel of the new, 1.1 million-square-foot Northeast Ohio Logistics Center, this site benefits from its adjacency to a newly constructed Sheetz convenience store, ensuring high visibility and accessibility. The property is zoned Local Commercial (LC), making it suitable for a variety of retail developments. Its strategic location offers unparalleled exposure to significant traffic volumes: Wooster Pike boasts 10,342 vehicles per day (VPD), while I-76 sees 31,004 VPD, according to Ohio Department of Transportation (ODOT) data. Furthermore, a robust daytime population of 205,762 individuals resides within a 20-minute drive, providing a substantial customer base for any retail venture. This site is in Medina County, Ohio, with the address being 360 Center St, Seville, OH 44273. The location offers excellent access to major transportation arteries, making it an attractive destination for businesses and consumers alike. This is a rare opportunity to acquire a high-traffic, well-located commercial land parcel in a rapidly growing area. Don't miss this chance to capitalize on the potential of this prime development site.

• CAP approach

  CAP return

  Valuation

  6%

  $1,793,939

  6.5%

  $1,655,944

  7%

  $1,537,662

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,512,620

  Geo Method

  $1,512,620

• Alternative Use

  Use

  Valuation

  Residential

  $1,396,850

  Hospitality

  $1,279,508

  Educational

  $1,064,535

  Medical

  $1,101,146

  Retail

  $1,655,944

Location Insight

City

Seville

County

Medina

State

Ohio

Latitude

41.0317

Longitude

-81.8623

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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