2747 Som Ctr RdWilloughby Hills, OH 44094

Property Details for 2747 Som Ctr Rd

Year built

1991

Lot size

2.02 AC

Property size (Sq ft)

15,251 SF

Property type

Retail space

APN

31-A-004-0-00-022-0

APU

31A0040000220

Description

This exceptional Willoughby Hills property at 2747 Som Center Road offers three available retail spaces ranging from 1,200 to 3,600 square feet, perfect for a variety of businesses. The building boasts a recently updated exterior and interior, designed for flexible layouts to accommodate diverse business needs. Its prime location on Som Center Road ensures high visibility and significant foot traffic, benefiting from easy access to major roadways like I-90 and Route 6. Ample shared parking is available to support high customer volumes. The surrounding area features strong demographics, including a high median household income and a growing population, creating a robust customer base. This is an ideal opportunity for businesses seeking a high-traffic location with modern amenities and flexible leasing options in a thriving suburban community. The property's modern design and convenient location make it an attractive option for retailers, service providers, or office users seeking to establish or expand their presence in Willoughby Hills. The flexible leasing options allow for customization to meet individual business requirements, making this a versatile and attractive investment. Don't miss this chance to secure your space in this vibrant commercial hub.

• CAP approach

  CAP return

  Valuation

  6%

  $4,033,171

  6.5%

  $3,722,927

  7%

  $3,457,004

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,594,978

  Geo Method

  $3,594,978

• Alternative Use

  Use

  Valuation

  Residential

  $3,140,428

  Hospitality

  $2,876,615

  Educational

  $2,393,310

  Medical

  $2,475,620

  Retail

  $3,722,927

Location Insight

City

Willoughby Hills

County

Lake

State

Ohio

Latitude

41.5868

Longitude

-81.4386

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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