1641 Root Rd
Lorain, OH 44052

$750,000

Beds: 4
Baths: 2 | 1
Sq. Ft.: 3,164
Type: Single Family Home
Listing #3927271
Motivated Seller! Drastically Reduced* Excellent Cash Cow Opportunity offering over 20 acres of land & a Multi-family 6 Bedroom Century Home with a pond is perfect for an owner user or investment with Endless Possibilities which presents an investor w a unique opportunity to acquire a stable investment* Easily Accessible with Ready to Build Suite Opportunity in Sheffield Village Twp/Lorain. Package located in Prime Location Near the corner of Root & Colorado locally known as a High Traffic Area*Perfect Development Site for Senior Housing, Healthcare, Motel, Retail Plaza & Many Others! There are 5 total parcels - 4 vacant land & 1 Multi-family home w a pond located at 1641 Root Rd over 20 acres ***Mineral Rights Are Also Included***Seller states Lots can tap into the utilities (Gas, Electric, Water & Sanitary/Storm Sewer) which are located on the property of the homesite* All 5 adjoining parcels fall under a JEDD with zoning options for Commercial, Industrial or Residential * The Prime location has allowed local businesses to service a wide geographic area including Lorain, Sheffield Village, Avon, Avon Lk, Westlake, Bay Village, N.Olm & Amherst & others*Market Highlights: Surrounding Retailers incl Valero, Burger King, Pizza Hut, Discount Drug Mart, Midway Mall & Many Others. Within a half hr drive to Downtown Cleveland I-90, I-80, 480 & RT. 2! In the 2015 Fortune 500 ranking of the largest U.S. corporations, 7 companies are based in Northeast OH* Call or email w questions!
Property Features
Location Information
County: Lorain
MLS Area: Lorain
Latitude: 41.465819
Longitude: -82.131751
Subdivision: Sheffield
Directions: Corner of Root Road and Colorado Avenue-5 adjoining parcels Bordering Lorain and Sheffield Village
Interior Features
Total Rooms: 8
1/2 Baths: 1
Number of Fireplaces: 0
Heating: Other, Radiators
Heating Fuel: Gas
Cooling: None
Appliances: Smoke Detector
Basement Description: Full, Unfinished
Has Basement: yes
Exterior Features
Style: Colonial
Stories: 2.00
Exterior: Vinyl
Roof: Asphalt/Fiberglass
Possession: Time of Transfer
Water & Sewer: Public Water, Public Sewer
Garage Features: Attached, Door Opener, Electric
Garage Spaces: 2
Driveway: Paved
Lot Description: Addt'l Land Avail, Pond, Wooded/Treed
Lot Size in Acres: 20.01
Dimensions: 256x116x330
School
School District: Lorain CSD
Additional Information
Property Type: SFR
Property SubType: Residential
Year Built: 1900
APN: 03-00-058-101-033
Status: Active
Is Short Sale: No


$ per month
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing courtesy of Russell Real Estate Services
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NEOHREX-NortheastOH data last updated at February 23, 2018 5:38 PM ET