3284 Niles Cortland RdCortland, OH 44410

Property Details for 3284 Niles Cortland Rd

Year built

1900

Construction

WOOD FRAME

Lot size

4.60 AC

Property size (Sq ft)

2,804 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

34-107816

APU

34107816

Description

This exceptional 20.219-acre parcel of land, located at 3284 Niles Cortland Rd NE in Cortland, Ohio (zip code 44410), presents a significant development opportunity. The property, identified by APN numbers 34-454648-602649|1 and 34-455297-602590, is classified as Class C land and offers substantial acreage for various uses. The land itself totals 2,804 square feet. While a structure exists on the property, built in 1900 and featuring two stories, the primary value lies in the expansive land area. Situated in Trumbull County, Ohio, this property boasts a convenient location with easy access to major roadways. The asking price for this remarkable opportunity is $2,100,000. Given its size and location, this property is well-suited for a range of development projects, making it an attractive investment for discerning buyers. The latitude and longitude coordinates are 41.307348 and -80.7306166 respectively. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $533,257

  6.5%

  $492,237

  7%

  $457,077

• Comparable approach

  Method

  Valuation

  Relative Method

  $262,286

  Geo Method

  $262,286

• Alternative Use

  Use

  Valuation

  Residential

  $610,374

  Hospitality

  $559,099

  Educational

  $465,164

  Medical

  $481,162

  Retail

  $723,588

Location Insight

City

Cortland

County

Trumbull

State

Ohio

Latitude

41.3073

Longitude

-80.7303

CBSA code

49660

CBSA name

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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