3401 Enterprise PkwyBeachwood, OH 44122

Property Details for 3401 Enterprise Pkwy

Year built

1985

Construction

TYPE NOT SPECIFIED

Lot size

5.77 AC

Property size (Sq ft)

63,954 SF

Zone code

U-9

Property type

Office buildings

APN

742-20-028

APU

74220028

Description

Enterprise Place, located at 3401 Enterprise Parkway in Beachwood, Ohio (44122), offers exceptional Class A office space for lease. This single, five-story building totaling 28,074 square feet underwent a complete renovation in 2023, ensuring modern amenities and a high-quality workspace. The property is situated in the desirable Chagrin Corridor submarket of Cuyahoga County, with convenient access to Chagrin Boulevard. Multiple tenancy options are available, with suites ranging from a minimum of 2,148 square feet to a maximum contiguous space of 11,272 square feet. The entire building of 28,074 square feet is currently vacant and ready for immediate occupancy. Building features include three elevators and ample parking with 660 spaces. Originally constructed in 1985, this property seamlessly blends classic architecture with contemporary upgrades, providing a sophisticated and efficient environment for businesses of all sizes. The property is categorized as both Traditional Office and Medical Office space, making it suitable for a wide range of professional uses. This prime location offers unparalleled convenience and accessibility for employees and clients alike.

• CAP approach

  CAP return

  Valuation

  6%

  $11,505,319

  6.5%

  $10,620,295

  7%

  $9,861,702

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,982,257

  Geo Method

  $5,982,257

• Alternative Use

  Use

  Valuation

  Residential

  $13,169,166

  Hospitality

  $12,062,885

  Educational

  $10,036,179

  Medical

  $10,381,338

  Retail

  $15,611,834

Location Insight

City

Beachwood

County

Cuyahoga

State

Ohio

Latitude

41.466

Longitude

-81.4937

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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