12663 Chillicothe RdChesterland, OH 44026

For Sale
$400,000

Five Units, .83 Acres, High Potential

Overview

Added:
Feb 3
Days on market:
39
This exceptional Chesterland investment opportunity encompasses two parcels totaling 0.83 acres, strategically located adjacent to a township park. The property features a total of 3,572 square feet of space distributed across five income-generating rental units. One building houses a commercial tenant on the ground floor and a residential unit above. A second building includes a commercial tenant occupying the majority of the space, and a smaller one-bedroom residential unit. A third building, a former house, also accommodates a commercial tenant. The property is zoned for general commercial use, with two apartments grandfathered in under the current zoning. The property's convenient location and diverse income streams make it an attractive investment prospect. Note that the property shares a well and has two separate sewer charges, one for each address. This presents a unique opportunity for an investor seeking a diversified portfolio with immediate cash flow and potential for future development or expansion given the general commercial zoning. The existing tenants provide a stable income base, while the location near the park offers significant appeal. The property's size and configuration offer flexibility for a variety of uses and future development plans. This is a rare opportunity to acquire a well-established mixed-use property in a desirable location.

Property Details for 12663 Chillicothe Rd

Property type
Mixed-use properties, Other mixed-use properties
Square Feet
3,572 SF
Year Built
1930
Lot Size (sq. ft)
36,155 SF

Location Insight

City
Chesterland
County
Geauga
State
Ohio
Latitude
41.52418
Longitude
-81.33761
12663 Chillicothe Rd, Chesterland, Ohio

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12663 Chillicothe Rd
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