8389 Mayfield RdChesterland, OH 44026

Property Details for 8389 Mayfield Rd

Year built

1985

Lot size

5.71 AC

Property size (Sq ft)

35,680 SF

Property type

Retail properties

Property subtype

Strip malls

APN

11-010119

APU

11010119

Description

This exceptional 2,400 square foot retail space is situated within the thriving Maywood Centre shopping center in Chesterland, Ohio. Located at 8389 Mayfield Road, this property boasts a prime location, just a quarter-mile west of SR 306 and five miles east of I-271, ensuring high visibility and convenient access for customers. The center itself has a strong history of high occupancy, evidenced by its established tenant base including First National Bank, Colonial Wine & Beverage, Danny Boy's Restaurant, TNT Tanning, Allstate Insurance, and Great Lakes Outdoor Supply. The property sits on a sizable 5.71-acre lot and is housed within a single-story, Class B building constructed in 1985. While the exact number of suites is not specified, this listing represents one available space. The property is zoned C and has the APN 11-010119 within Geauga County. This presents a unique opportunity for a business seeking a well-established location within a successful shopping center. The property's convenient location and strong tenant mix make it an ideal investment for a variety of retail businesses. Further details regarding parking are unavailable at this time. This is a single-building property. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $9,435,679

  6.5%

  $8,709,857

  7%

  $8,087,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,410,518

  Geo Method

  $8,410,518

• Alternative Use

  Use

  Valuation

  Residential

  $7,347,090

  Hospitality

  $6,729,896

  Educational

  $5,599,194

  Medical

  $5,791,759

  Retail

  $8,709,857

Location Insight

City

Chesterland

County

Geauga

State

Ohio

Latitude

41.5213

Longitude

-81.3431

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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