For Sale
$1,500,000

3900 Pearl RdMedina, OH 44256

13,380 SF, $1.5M, High Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents three single-story commercial buildings totaling 13,380 square feet situated on a 2.04-acre lot at 3900 Pearl Rd in Medina, Ohio (APN: 02606C07269). The property, classified as Class B, offers a blend of retail and office space currently at 50% occupancy. Built in 1963 and renovated in 1996, the buildings are well-maintained and present a solid foundation for immediate income and future growth. The lease type is gross, simplifying management and providing a predictable income stream. The single tenancy structure offers streamlined operations. The property's location in Medina, Ohio, 44256, provides excellent access to a thriving community and strong consumer base. The strategic location on Pearl Road ensures high visibility and accessibility for businesses. This is an ideal opportunity for investors seeking a stable, income-producing asset with significant upside potential in a desirable Ohio market. The property's size and layout offer flexibility for a variety of uses, allowing for potential expansion or redevelopment to meet evolving market demands. The asking price is $1,500,000.

Highlights

  • $1,500,000 asking price.
  • 13,380 square foot retail and office property.
  • Class B building with gross lease.
  • Single tenant occupancy at 50%.
  • Built in 1963, renovated in 1996.
  • Three one-story buildings on a 2.04-acre lot.

Property Details for 3900 Pearl Rd

Property type
Retail properties, Office properties
Square Feet
13,380 SF
Class
B
Year Built/Renovated
1963/1996
Buildings
3
Stories
1
Lot Size (sq. ft)
88,862 SF

Location Insight

City
Medina
County
Medina
State
Ohio
Latitude
41.1687396
Longitude
-81.8624414
3900 Pearl Rd, Medina, Ohio

FAQs

What type of property is this?
Retail property - 13,380 SF, $1.5M, High Growth Area
Where is the retail property located?
The property is located at 3900 Pearl Rd Medina, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: $1,500,000 asking price.; 13,380 square foot retail and office property.; Class B building with gross lease.
How can I contact the broker?
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3900 Pearl Rd
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