4838 Us Highway 250Norwalk, OH 44857

  • Commercial real estate
  • 4,320 SF
For Sale
$1,800,000 View listing

Property Details for 4838 Us Highway 250

Year built
1960
Lot size
4.57 AC
Property size (Sq ft)
4,320 SF
Property type
Commercial real estate
APN
27-012A-02-014-0000
APU
27012A020140000

Description

This exceptional 8.721-acre development site in Norwalk, Ohio, presents a remarkable redevelopment opportunity. Located on US Highway 250 North, this unzoned property boasts a prime location with high visibility and significant traffic volume, benefitting from an AADT of 13,845 (2018 data). Its strategic proximity to Interstate 80/90 (less than 4 miles) and Cedar Point (15 miles) enhances its appeal and accessibility. The property is comprised of three parcels (APN: 27012A020130000, 27012A020140000, 27012A020150000) and offers considerable flexibility for various development scenarios. Existing improvements include a 12,000 square foot warehouse, two storage garages totaling 9,666 square feet, a 786 square foot office space, and a 2,730 square foot house suitable for additional office space. A 5,546 square foot service bay garage further adds to the existing building footprint, resulting in a total warehouse and service bay area of 27,426 square feet. The property is zoned for potential retail, residential, industrial, or hotel development, and is also subdividable, providing numerous options for investors and developers. The asking price is $1,800,000, translating to $206,398 per acre. The Berlin Milan LSD serves as the local school district.

Location Insight

City
Norwalk
County
Huron
State
Ohio
Latitude
41.2717
Longitude
-82.6071
CBSA code
35940
CBSA name
NORWALK, OH MICROPOLITAN 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
$3,586
$27,250
$39,610
$66,860
-
$77,860
$113,160
$191,020

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