1053 Pearl RdMedina, OH 44256

Property Details for 1053 Pearl Rd

Lot size

1.00 AC

Property type

Hospitality properties

Property subtype

Other specialty properties

Description

This exceptional 16-acre development opportunity is situated along Medina's bustling Pearl Road retail corridor in Medina County, Ohio (zip code 44256). The property, located at 1053 Pearl Rd, offers a unique chance to build upon an already established and thriving commercial area. Pads ranging from one to sixteen acres are available, providing flexibility for various development scenarios, including ground leases, multi-tenant build-to-suit projects, or freestanding developments. The site benefits from its strategic location directly across from a future Meijer and in close proximity to major retailers such as Walmart, Target, and Home Depot, ensuring high visibility and significant foot traffic. The surrounding area also boasts a diverse range of established restaurants, including Chick-fil-A, First Watch, City BBQ, Panera Bread, and Starbucks, further enhancing the site's appeal. Medina is a prosperous community, with average household incomes exceeding $119,000 within a five-mile radius, and a population reach of over 86,000. Conceptual site plans illustrating multiple development possibilities are available. The asking price for this remarkable opportunity is $5,350,000. This property is zoned for Gas Station, Grocery Store, and QSR/Fast Food uses.

Location Insight

City

Medina

County

Medina

State

Ohio

Latitude

41.1524

Longitude

-81.8631

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