36711 American WayAvon, OH 44011

Property Details for 36711 American Way

Year built

2004

Lot size

0.38 AC

Property size (Sq ft)

16,414 SF

Property type

Medical offices

Property subtype

Medical centers

APN

04-00-016-702-001

APU

400016702001

Description

This exceptional Class A executive office suite, located at 36711 American Way in Avon, Ohio (44011), presents a unique investment opportunity. The 1,940 square foot, single-story building, constructed in 2004, boasts high visibility from I-90, ensuring excellent brand exposure. Currently vacant, this turnkey property is ready for immediate occupancy. The interior features a sophisticated design with natural wood finishes, creating a professional and inviting atmosphere. The layout includes four private offices, a dedicated conference room, and a separate kitchen area. All existing desks and furniture are included in the sale price of $310,000, representing a price per square foot of $159.79. The property is situated in Lorain County and features convenient access to I-90. The property's APN is 04-00-016-702-003. This is a single-unit building with 100% occupancy (currently vacant). This represents a rare opportunity to acquire a well-maintained, high-visibility executive office space in a desirable location. The property is owner-occupied.

• CAP approach

  CAP return

  Valuation

  6%

  $2,952,877

  6.5%

  $2,725,733

  7%

  $2,531,038

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,535,366

  Geo Method

  $1,535,366

• Alternative Use

  Use

  Valuation

  Residential

  $3,379,909

  Hospitality

  $3,095,978

  Educational

  $2,575,818

  Medical

  $2,664,404

  Retail

  $4,006,827

Location Insight

City

Avon

County

Lorain

State

Ohio

Latitude

41.4652

Longitude

-82.0276

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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