$750,000 Root Rd Lorain, OH

MLS: 3927278   Type: Land   County: Lorain   City: Lorain   Zip: 44052   Style: Commercial     Taxes: $1,022

Mortgage $3,521 /mo



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Motivated Seller! Drastically Reduced* Excellent Cash Cow Opportunity offering over 20 acres of land & a Multi-family 6 Bedroom Century Home with a pond is perfect for an owner user or investment with Endless Possibilities which presents an investor w a unique opportunity to acquire a stable investment* Easily Accessible with Ready to Build Suite Opportunity in Sheffield Village Twp/Lorain. Package located in Prime Location Near the corner of Root & Colorado locally known as a High Traffic Area*Perfect Development Site for Senior Housing, Healthcare, Motel, Retail Plaza & Many Others! There are 5 total parcels - 4 vacant land & 1 Multi-family home w a pond located at 1641 Root Rd over 20 acres ***Mineral Rights Are Also Included***Seller states Lots can tap into the utilities (Gas, Electric, Water & Sanitary/Storm Sewer) which are located on the property of the homesite* All 5 adjoining parcels fall under a JEDD with zoning options for Commercial, Industrial or Residential * The Prime location has allowed local businesses to service a wide geographic area including Lorain, Sheffield Village, Avon, Avon Lk, Westlake, Bay Village, N.Olm & Amherst & others*Market Highlights: Surrounding Retailers incl Valero, Burger King, Pizza Hut, Discount Drug Mart, Midway Mall & Many Others. Within a half hr drive to Downtown Cleveland I-90, I-80, 480 & RT. 2! In the 2015 Fortune 500 ranking of the largest U.S. corporations, 7 companies are based in Northeast OH* Call or email w questions!

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Price History

8/1/2017 Listed $1,110,000
9/1/2017 12% - $985,000
1/5/2018 24% - $750,000

Directions Corner of Root Road and Colorado Avenue-5 adjoining parcels Bordering Lorain and Sheffield Village
HOA Northern Ohio Regional MLS
Homestead Exemption No
Limited Service No
Property Sub Type Commercial
Property Type Land
School District Lorain CSD
Short Sale No
Status Active

Exterior Features

Driveway None
Frontage Feet 190
Irregular Lot No
Lot Dimensions 190.12 x 300
Lot Size Source Auditors Website
Lot Size Units Acres
Lots 5
Natural Resource Rig Mineral
Topography Cleared
Water Sewer No Water, No Sewer

Property Schools

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Gallery (30 photos)

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Property vs Zip Code Avg (44052)

Price 750K Avg 103K

Taxes $1,022 Avg $375

Acres 20.01 Avg 2.35

Visits 2,348 Avg 250

Days on Site 230 Avg 419

Walkscore® 15 Avg 27

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Listing Provided Courtesy Of: Russell Real Estate Services

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Location & Address

Tricia Hanna
12198 Pearl Rd.
Strongsville, OH

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