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VL Ravenna Rd

2.21 Acres of Commercial Land Offered at $289,900 in Painesville, OH 44077

Investment Highlights

  • Excellent location
  • Located on signalized corner

Executive Summary

EXCELLENT COMMERCIAL LOCATION SCORE for economic development, with high spatial demand and opportunity to expand local amenities for a quickly growing community.
This prime 2.2-acre corner lot located in Concord Township, Lake County, Ohio, 1.25 miles east of State Route 44 and 3 miles south of I-90.
Exceptional visibility and access with 610’ of frontage on Painesville Ravenna Road and 135’ on Girdled Road.
*4-way stop and signalized corner with respectable traffic counts as supported by neighboring businesses like Marathon Gas, Bremec Garden Center, and Big Creek Veterinary Clinic.
*High-quality lifestyle, complemented by diverse housing options, excellent schools, and recreational amenities.
*Lake Erie nearby and a growing community of residential neighborhoods
*Zoned B-1 “Restricted Retail” development (Concord Township)
---Permitted Uses Include: Medical clinics and professional offices, Restaurant, Retail and business services, Financial, Sports/fitness clubs, Indoor recreation, Library, Museum, Theater, Government and Public services. Conditional Uses Include: Car Wash/Gas/Automotive, Outdoor storage, Micro-brewery/distillery/winery, Drive-thru facilities Veterinary, Funeral home, Child or adult day care, Group home, Meeting/Banquet, Church, Home for aging, Hospice Care, Garden/nursery center, Bed and Breakfast.

Property Facts

Price $289,900
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Carwash
  • Restaurant
Total Lot Size 2.21 AC

1 Lot Available

Lot

Price $289,900
Price Per AC $131,176.47
Lot Size 2.21 AC

Wooded, level corner lot

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-A-001-B-00-005
Land Assessment
$20,070
Improvements Assessment
$0
Total Assessment
$20,070

zoning

Zoning Code B-1 (Retail development inclusive of office, admin, restaurant, gas station, car wash, and many more)
B-1 (Retail development inclusive of office, admin, restaurant, gas station, car wash, and many more)
  • Listing ID: 31863369

  • Date on Market: 5/20/2024

  • Last Updated:

  • Address: VL Ravenna Rd, Painesville, OH 44077

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