Contacts
Avison Young - US - OH - Cleveland
Avison Young - US - IL - Chicago
Avison Young - US - IL - Chicago
Property Details
- Property Type Other
- Additional Rent Contact for pricing
- Date Updated Dec 17, 2024
A once in a lifetime opportunity to transform and redevelop over 40 acres on Lake Erie.
Avison Young is pleased to offer this offering to solicit proposals from prospective buyers with the intention of entering into a definitive Purchase and Sale Agreement in 2024 and invite the purchaser to participate in the finalization of Zoning, Tax Increment Financing district formation and budget and the Development Agreement activities.
Reach out to the broker for more info on lease terms and amenities
Highlights
- In 2022, Avon Lake Environmental Redevelopment Group, LLC (ALERG) acquired the former Avon Lake Generating Plant with the plan to demolish all structures and remediate the property.
- ALERG, in conjunction with the city of Avon Lake, has created a plan for the redevelopment of hte lakefront parcel 1 for public use and private development.
- ALERG and the city of Avon Lake has developed a conceptual Master Plan, established a Development Agreement, Proposed zoning overlay, public improvement plans and a tax increment financing strategy and plans to financing public acquisition of the lakefront and public and certain private improvements.
- Demolition and remediation activities have been underway with all remediation activities scheduled for completion mid-2025.
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Avon Lake, OH
- Zip Code 44012
- Market Cleveland Akron
Points of Interest
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Elyria
9.53 miles
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Shell
0.38 miles
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Speedway
1.97 miles
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BP
2.01 miles
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GetGo
3.06 miles
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Marathon
3.10 miles
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Walmart
3.18 miles
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Costco Gasoline
3.70 miles
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West Lot
1.89 miles
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South Lot
1.95 miles
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North Lot
2.02 miles
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Vine Street Garage
6.01 miles
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Union Street Garage
6.04 miles
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Crocker Road Garage
6.21 miles
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Market Square Garage
6.24 miles
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American Greetings Parking Garage
6.29 miles
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Mulberry Garage
6.31 miles
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Huntington Beach Handicap Lot
6.45 miles
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Fairfield Inn & Suites Cleveland Avon
2.61 miles
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Extended Stay America Select Suites - Cleveland - Avon
2.67 miles
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Cambria Hotel & Suites
3.85 miles
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Residence Inn
4.31 miles
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Holiday Inn Express & Suites Cleveland West - Westlake
5.53 miles
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Extended Stay America
5.59 miles
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Homewood Suites
5.71 miles
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Hampton Inn Cleveland/Westlake
6.08 miles
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Hyatt Place Cleveland/Westlake/Crocker Park
6.11 miles
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Ariel Broadway Hotel
6.86 miles
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JCPenney
3.02 miles
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ALDI
3.12 miles
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Apples
3.21 miles
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Walmart Supercenter
3.27 miles
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Kohl's
3.48 miles
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Marshalls
3.55 miles
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Heinen's
3.57 miles
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Giant Eagle
3.62 miles
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Target
3.67 miles
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Marc's
3.75 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.