5 Acre For development

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5 Acre For development

Avon, OH 44011
Asking Price
Contact for price
Asset Type
Land
Class
Class B

What's Special

This five-acre development site is located in Avon, Ohio, a growing suburban community in Lorain County. Situated near the Interstate 90 corridor, the property offers direct regional connectivity to Cleveland and surrounding markets. The immediate neighborhood features a mix of professional medical facilities, retail centers, and residential subdivisions. Local amenities include the Cleveland Clinic Richard E. Jacobs Health Center and the Chester Road shopping district. The site benefits from established infrastructure and high visibility along primary local thoroughfares. The property is suited for commercial or mixed-use development, pending local zoning approvals. Ideal use cases include professional office complexes, outpatient medical facilities, or retail storefronts. The location is well-positioned for regional developers or owner-occupants seeking to establish a presence in a high-traffic area. Typical tenants for this location include healthcare providers, corporate entities requiring satellite offices, or national retailers looking to capture the area's increasing residential density and commuter traffic.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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