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$725,000
Est. payment /mo
21.88 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5110949
HOA Y/N No
Annual Tax Amount $4,593
Tax Year 2024
Lot Size 21.884 Acres
Acres 21.884
Property Sub-Type Commercial
Property Description
Painesville Twp is in 'Growth Mode!' 22 acres of prime commercial land on North Ridge at the intersection of SR2. Easy access and annual average daily traffic numbers have been increasing year-over-year for the last 5 years running. 1,048 linear feet of visibility immediately as you exit the highway! B2 zoning in Painesville Township, including permitted uses such as grocery stores, drug stores, restaurants, and more. Conditional uses include hotels, gas stations with c-stores, and recreational facilities. There is an abundance of municipal, state, and/or federal incentives to develop the property + gain real estate tax abatements (please see Lake County and/or the State of OH websites for program types and application requirements). Painesville Township retail has been drastically underserved throughout this corridor. Isn't it time to tap into the potential?
Location
State OH
County Lake
Interior
Fireplace No
Exterior
Parking Features See Remarks
Utilities Available Sewer Not Available, Water Not Available
Water Access Desc None
Building
Sewer None
Water None
Schools
School District Riverside Lsd Lake- 4306
Others
Tax ID 11-B-030-0-00-001-0
Acceptable Financing Cash, Conventional, Contract
Listing Terms Cash, Conventional, Contract
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Listed by Christine Jarrell • All Access Realty • chris@AARCLE.com 440-413-0945