479 Main StGrafton, OH 44044

Property Details for 479 Main St

Lot size

1.97 AC

Property size (Sq ft)

14,804 SF

Property type

Retail properties

Property subtype

Retail space

APN

11-00-099-000-460

APU

1100099000460

Description

This exceptional 16 sq. ft. retail space is ideally situated in the heart of downtown Grafton, Ohio, on a prominent corner lot. The building boasts an updated style, making it an attractive option for a variety of medical-related businesses. Its single-tenant occupancy provides a unique opportunity for a focused operation. The property's central location offers excellent visibility and accessibility for patients and clients. Given its prime downtown location, this space benefits from high foot traffic and strong community presence. The current owner is open to the possibility of subdividing the space to accommodate smaller businesses or specific needs, offering flexibility for potential tenants. This presents a rare chance to establish a thriving practice in a vibrant and well-established community. The updated building ensures a modern and appealing environment for both staff and clientele. The single-tenant setup allows for complete control and customization of the space, eliminating the complexities of multi-tenant management. This property is an excellent investment opportunity for those seeking a high-visibility location in a growing Ohio town. Serious inquiries are encouraged to explore the potential of this unique retail space. The flexibility offered by the owner regarding space division makes this an even more attractive proposition for a range of potential users.

• CAP approach

  CAP return

  Valuation

  6%

  $4,125,439

  6.5%

  $3,808,098

  7%

  $3,536,091

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,489,611

  Geo Method

  $3,489,611

• Alternative Use

  Use

  Valuation

  Residential

  $3,212,273

  Hospitality

  $2,942,425

  Educational

  $2,448,063

  Medical

  $2,532,256

  Retail

  $3,808,098

Location Insight

City

Grafton

County

Lorain

State

Ohio

Latitude

41.2828

Longitude

-82.0644

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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