102 Cherry AveChardon, OH 44024

Property Details for 102 Cherry Ave

Year built

1920

Lot size

0.28 AC

Property size (Sq ft)

8,568 SF

Property type

Retail properties

Property subtype

Retail space

APN

10-111750

APU

10111750

Description

This exceptional single-tenant retail space, located at 102 Cherry Avenue #B1 in Chardon, Ohio, offers 2,148 square feet of versatile commercial space. Built in 1975, this one-story building sits on a 0.28-acre lot (APN: 10-111750) and is currently vacant, presenting a unique opportunity for immediate occupancy. The property features a flexible layout with a great mix of open space, ideal for showcasing merchandise or creating a dynamic workspace. In addition, there is dedicated storage and a conference room, providing ample space for various business needs. The space also includes several smaller areas that can be easily compartmentalized to suit specific requirements. Accessibility is enhanced by ramps at both the front and back entrances, connecting directly to the city sidewalks on Cherry Avenue. Ample parking is available in the shared lot in front of the building, with additional parking conveniently located on the side. This high-visibility location in Chardon, Ohio (zip code 44024) offers excellent potential for a variety of retail businesses. The property's convenient layout and ample parking make it an attractive option for businesses seeking a well-situated and functional space. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,265,832

  6.5%

  $2,091,538

  7%

  $1,942,142

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,019,656

  Geo Method

  $2,019,656

• Alternative Use

  Use

  Valuation

  Residential

  $1,764,290

  Hospitality

  $1,616,080

  Educational

  $1,344,560

  Medical

  $1,390,801

  Retail

  $2,091,538

Location Insight

City

Chardon

County

Geauga

State

Ohio

Latitude

41.5814

Longitude

-81.2124

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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