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285 Benedict Ave - 45 Acre Development Opportunity 45 Acres of Commercial Land Offered at $2,375,000 in Norwalk, OH 44857
Executive Summary
Reduced Price | Incredible Value: $2,375,000 (approx. $52,778 Per Acre)
CBRE is exclusively representing the owner of 44.22 acres of land for sale, consisting of 3 parcels as follows: .79 Acres, 19.46 Acres and 24.76 Acres respectively.
A portion of the .79 and the 19.46 Acre property located at Route 20 and Route 250 was recently rezoned to a B-4 zoning designation, an expansive commercial zoning category within the city of Norwalk, the balance of the land is currently zoned R-1.
This property allows for direct signalized access into the parcel from Benedict Ave (Route 250) and access to Old State Road, directly across from Fisher Titus, the major hospital system in Huron County and from Norwalk High School. Norwalk is a business friendly community with potential for development incentives.
Due Diligence Materials (on the 19.46 Acres):
• Conceptual C-Store and Gas Site Plans
• Alta Survey
• Phase 1 Environmental
• Legal Description
• New Zoning Information
• Title Report
• Marketing Plans
• City of Norwalk District Plans
• Existing Building Asbestos Survey (Clean)
CBRE is exclusively representing the owner of 44.22 acres of land for sale, consisting of 3 parcels as follows: .79 Acres, 19.46 Acres and 24.76 Acres respectively.
A portion of the .79 and the 19.46 Acre property located at Route 20 and Route 250 was recently rezoned to a B-4 zoning designation, an expansive commercial zoning category within the city of Norwalk, the balance of the land is currently zoned R-1.
This property allows for direct signalized access into the parcel from Benedict Ave (Route 250) and access to Old State Road, directly across from Fisher Titus, the major hospital system in Huron County and from Norwalk High School. Norwalk is a business friendly community with potential for development incentives.
Due Diligence Materials (on the 19.46 Acres):
• Conceptual C-Store and Gas Site Plans
• Alta Survey
• Phase 1 Environmental
• Legal Description
• New Zoning Information
• Title Report
• Marketing Plans
• City of Norwalk District Plans
• Existing Building Asbestos Survey (Clean)
Property Facts Under Contract
| Price | $2,375,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 45.00 AC |
| Zoning | R-1 | ||
| Price | $2,375,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 45.00 AC |
| Zoning | R-1 |
1 Lot Available
Lot
| Price | $2,375,000 | Lot Size | 45.00 AC |
| Price Per AC | $52,777.78 |
| Price | $2,375,000 |
| Price Per AC | $52,777.78 |
| Lot Size | 45.00 AC |
Description
Norwalk is located approximately 10 miles south of Lake Erie and 50 miles west of the Cleveland-Akron corridor • Located adjacent to the US-250/US-20 interchange • Directly across the street from Fisher-Titus Medical Center • Direct access to signalized intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $136,340 | Total Assessment | $136,340 |
Property Taxes
Parcel Numbers
Land Assessment
$136,340
Improvements Assessment
$0
Total Assessment
$136,340
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285 Benedict Ave - 45 Acre Development Opportunity
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