34950 Chardon RdWilloughby Hills, OH 44094

Property Details for 34950 Chardon Rd

Year built

1989

Lot size

1.21 AC

Property size (Sq ft)

24,024 SF

Property type

Office buildings

APN

31-A-004-0-00-021-0

APU

31A0040000210

Description

This exceptional Willoughby Hills, OH office space, located at 34950 Chardon Rd, 44094, offers three available suites ranging from 759 to 3,100 square feet. Ideal for medical or traditional office uses, the property boasts a thoughtfully designed layout promoting efficient workflow and patient flow. The spacious 3,100 sq ft suite is particularly well-suited for practices requiring ample room. Situated in a well-maintained building, the suites feature large windows providing abundant natural light and ventilation, creating a bright and comfortable atmosphere. The interior is adaptable to suit various medical or office needs. Amenities include multiple exam rooms, consultation offices, and a large waiting area. The building is fully equipped with necessary medical infrastructure, including updated plumbing and electrical systems. Ample parking is available for staff and visitors. The convenient location offers easy access to major roads and highways, ensuring accessibility for patients and staff. Flexible lease terms and competitive rates are available, with options for long-term commitments. This property presents a fantastic opportunity for businesses seeking a professional and functional workspace in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,898,170

  6.5%

  $4,521,390

  7%

  $4,198,430

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,247,200

  Geo Method

  $2,247,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $10,046,900

  Retail / Commercial

  $4,927,770

  Mixed-Use / Specialty

  $4,733,530

  Hospitality / Lodging

  $3,242,820

  Institutional / Educational

  $4,857,820

  Residential Income

  $5,683,650

  Multifamily

  $7,796,120

  Automotive / Energy

  $4,163,840

  Parking / Income-Based Land

  $1,611,440

  Restaurant / Food Service

  $2,084,890

  Healthcare / Senior Housing

  $5,035,320

Location Insight

City

Willoughby Hills

County

Lake

State

Ohio

Latitude

41.5873

Longitude

-81.4378

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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