MULTI-PROPERTY AUCTION - Commercial Land - September 11, 2024

Offering A - Willoughby: The largest of three Willoughby offerings, this site located at Aquarius Parkway and Lost Nation Road contains 9 parcels totaling 11.61± acres. This land is zoned L-I Limited Industrial with LR-O Limited Retail Overlay which permits a large number of office, retail, and industrial uses.

• PPNs: 27-B-053-B-00-039-0 through 27-B-053-B-00-047-0
• Market Value: $448,870
• 2023 Taxes: $12,436.02
• Published Reserve: $116,000

Offering B - Willoughby: This offering measures 7.72± acres and is situated next to Tamarac Apartments at the southwest corner of Lost Nation Road and Tamarac Boulevard in Willoughby. The site is zoned G-B General Business and will be sold ABSOLUTE, regardless of price.

• PPN: 27-B-053-D-00-007-0
• Market Value: $189,920
• 2023 Taxes: $5,261.17
• Sold ABSOLUTE, regardless of price

Offering C - Willoughby: This 4.24± acre parcel is situated at the northwest corner of Lost Nation Road and Tamarac Boulevard. Zoned G-B General Business with easy access to SR-2 and I-90, the site presents a rare development opportunity across the street from Lost Nation Sports Park and Lake County Executive Airport.

• PPN: 27-B-053-D-00-006-0
• Market Value: $114,130
• 2023 Taxes: $3,162.10
• Published Reserve: $42,500

Offering D - Eastlake: This parcel on Vine Street in Eastlake measures 1.37± acres and is zoned B-1 Retail Business. Situated just down the street from Vineyards Shopping Center and Classic Auto Group Park, this site offers exceptional visibility and accessibility, making it ideal for a wide range of retail or other commercial ventures.

• PPN: 34-A-006-0-00-007-0
• Market Value: $400,000
• 2023 Taxes: $11,402.10
• Published Reserve: $137,000

Offering E - Richmond Heights: Located on Richmond Road south of Merit Drive, this 4.43± acre parcel is a prime site for a number of permitted uses under the I-1 Office Industrial zoning classification and positioned just 2 miles north of Belle Oaks Marketplace, a Class-A mixed-use redevelopment of the former Richmond Town Square Mall.

• PPN: 661-09-006
• Market Value: $297,200
• 2023 Taxes: $10,403.48
• Published Reserve: $95,000

Offering F - Norton: This expansive 14.72± acre parcel located at the southeast corner of I-76 and S. Cleveland-Massillon Road in Norton is zoned B-1 Central Business which permits a variety of commercial uses including retail, professional offices, studios, clinics, and more.

• PPN: 4608377
• Market Value: $387,580
• 2023 Taxes: $4,069.89
• Published Reserve: $150,000