1641 Root RD Active Save Request In-Person Tour Request Virtual Tour
Lorain,OH 44052
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Sheffield
MLS Listing ID 4475297
Year Built 1900
Annual Tax Amount $3,488
Lot Size 16.100 Acres
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.
Location
State OH
County Lorain
Schools
School District Lorain Csd - 4709
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional