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Nagel Road
Avon, OH 44011
Asking Price
$1.36M
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 2.24 acres <ul><li>2.24 acres on the corner of Detroit and Nagel Roads</li><li>Can be purchased individually or in addition to one or both neighboring lots</li><li>Located just north of I-90 exit at Lear Nagel Road</li><li>Close proximity to amenities, including Meijer, Cleveland Clinic, Avon Commons</li><li>Ideal gas station/convenience store, QSR, multi-tenant retail development, medical</li><li>Avon is one of the fastest growing communities in Ohio</li><li>High median income levels</li></ul>
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NOI
$80,000
Cap Rate
5.86%
DSCR
0.99
Underwater
Cash-on-Cash
-0.25%
Monthly Payment
$6,753.275
Annual Cash Flow
$-1,039.303
