18055 Bagley RdMiddleburg Heights, OH 44130

  • Retail properties
  • 2,520 SF
For Lease

Property Details for 18055 Bagley Rd

Year built
1975
Construction
TYPE NOT SPECIFIED
Lot size
3.51 AC
Property size (Sq ft)
2,520 SF
Zone code
GB
Property type
Retail properties
Property subtype
Turn key restaurants
APN
373-03-005
APU
37303005

Description

This exceptional 3.4-acre commercial land parcel presents a unique opportunity for development in the thriving Middleburg Heights, Ohio market. Located at 18055 Bagley Road, the property boasts a highly desirable location within Cuyahoga County, offering easy access to major transportation routes and a strong local economy. The single-tenancy zoning allows for a variety of commercial uses, making it ideal for businesses seeking a prominent presence in a busy area. With a total land area of 3.4 acres, this site provides ample space for a substantial development project. The property is available for both sale and lease, offering flexibility to suit diverse investment strategies. Its strategic location in Middleburg Heights, coupled with its significant size, makes this an exceptional opportunity for developers and investors seeking a high-impact commercial venture. The property's address is clearly identified as 18055 Bagley Rd, Middleburg Heights, OH 44130. Interested parties are encouraged to explore the potential of this prime commercial land and its significant development possibilities. The property is zoned for single-tenancy commercial use. Further details regarding zoning regulations and development possibilities are available upon request. This is a rare opportunity to acquire a substantial commercial land parcel in a highly sought-after location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $666,421
    6.5%
    $615,158
    7%
    $571,218
  • Comparable approach

    Method
    Valuation
    Relative Method
    $594,016
    Geo Method
    $594,016
  • Alternative Use

    Use
    Valuation
    Residential
    $518,909
    Hospitality
    $475,318
    Educational
    $395,459
    Medical
    $409,059
    Retail
    $615,158
18055 Bagley Rd, Middleburg Heights, Ohio

Location Insight

City
Middleburg Heights
County
Cuyahoga
State
Ohio
Latitude
41.3698
Longitude
-81.8269
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$22,271
$184,590
$78,580
$263,170
-
$527,400
$224,500
$751,900

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