8851 Wooster Pike RdSeville, OH 44273

Property Details for 8851 Wooster Pike Rd

Year built

1966

Lot size

2.04 AC

Property size (Sq ft)

2,025 SF

Property type

Grocery and convenience stores

APN

051-32B-04-001

APU

05132B04001

Description

This exceptional opportunity presents 63.712 acres of commercial land zoned LC, ideally situated in Seville, Ohio, at 8851 Wooster Pike (APN: 01221A04049|2). The property boasts highway frontage, providing unparalleled access to major transportation arteries, including I-71 and I-76/SR 224. This strategic location offers seamless distribution capabilities in all directions, making it an attractive site for a diverse range of commercial ventures. The land is divisible, with outlots ranging from 1.20 to 1.98 acres, allowing for flexibility in development plans. The site's potential is further enhanced by its proximity to a growing residential area and its location within a thriving corridor experiencing increasing traffic volume. This makes it suitable for various uses, including retail, industrial, medical facilities, corporate campuses, or headquarters. Seville's location, approximately 100 miles north of Columbus and 40 miles south of Cleveland, adds to its appeal as a central hub for business operations. The asking price is negotiable and will be determined based on the specific lot size and development plans. This is a rare chance to secure a significant parcel of land in a rapidly developing area with excellent infrastructure and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $566,110

  6.5%

  $522,563

  7%

  $485,237

• Comparable approach

  Method

  Valuation

  Relative Method

  $477,335

  Geo Method

  $477,335

• Alternative Use

  Use

  Valuation

  Residential

  $440,801

  Hospitality

  $403,772

  Educational

  $335,933

  Medical

  $347,487

  Retail

  $522,563

Location Insight

City

Seville

County

Medina

State

Ohio

Latitude

41.0323

Longitude

-81.8634

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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