$1,300,000
1641 Root RD Lorain, OH 44052
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$1,300,000
Est. payment /mo
16.1 Acres Lot
UPDATED:
09/30/2024 05:31 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Sheffield
MLS Listing ID 4475297
Construction Status Unknown
HOA Y/N No
Year Built 1900
Annual Tax Amount $3,488
Lot Size 16.100 Acres
Acres 16.1
Property Description
This property is currently used as residential with an attached apartment. There are a total of three parcels containing 16.1 acres. Frontage on Root Rd. All mineral rights are owned by the seller. Gas and water wells on the property as well as a large holding pond and a French drain at the rear of the property routing water to the proper area. Located close to Lake Erie, across from the new racing car facility being built. Close to I-90. Good location for Hotel/restaurant complex with room for boutique shops and/or recreational sites. A huge opportunity to get in on the ground floor of an up-and-coming developing area.
The value is in the land itself and the house and apartment are just a bonus. Property is wooded and additional land may be available.
The value is in the land itself and the house and apartment are just a bonus. Property is wooded and additional land may be available.
Location
State OH
County Lorain
Interior
Fireplace No
Building
Construction Status Unknown
Schools
School District Lorain Csd - 4709
Others
Tax ID 03-00-058-101-033
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Judy Wargo • MAC Realty, Inc. • (440) 452-6244 judereal@aol.com
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