24300 Chagrin BlvdBeachwood, OH 44122

Property Details for 24300 Chagrin Blvd

Year built

1971

Construction

TYPE NOT SPECIFIED

Lot size

1.10 AC

Property size (Sq ft)

26,903 SF

Zone code

U-7A

Property type

Office buildings

APN

742-25-013

APU

74225013

Description

This exceptional three-story office and retail building, located at 24300 Chagrin Blvd in Cuyahoga County, presents a compelling investment opportunity. The 26,903 square foot building, constructed in 1971 of masonry, boasts a Class B rating and is currently fully leased. The property sits on a 1.102-acre lot and features convenient access to Interstate 271, enhancing its appeal to both tenants and investors. The building includes an elevator for easy access to all three floors. Ample parking is provided with 88 total spaces, including 75 free surface parking spaces. The zoning designation is U-7A. Currently, one retail space of 1,165 square feet is available. The building's multiple tenancy structure offers diversification and potential for future income growth. The property's APN is 74225013. This well-maintained building represents a solid investment in a desirable location with strong potential for long-term returns. The building's solid construction and convenient location make it an attractive option for a variety of businesses. The availability of a retail space presents an immediate opportunity for additional income generation. This property is an excellent choice for investors seeking a stable, income-producing asset in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,839,848

  6.5%

  $4,467,552

  7%

  $4,148,441

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,516,506

  Geo Method

  $2,516,506

• Alternative Use

  Use

  Valuation

  Residential

  $5,539,764

  Hospitality

  $5,074,394

  Educational

  $4,221,836

  Medical

  $4,367,032

  Retail

  $6,567,301

Location Insight

City

Beachwood

County

Cuyahoga

State

Ohio

Latitude

41.464

Longitude

-81.5071

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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