21380 Lorain RdFairview Park, OH 44126

Property Details for 21380 Lorain Rd

Year built

1950

Construction

WOOD

Lot size

0.37 AC

Property size (Sq ft)

7,640 SF

Zone code

GB-A

Property type

Office properties

Property subtype

Office buildings

APN

321-02-018

APU

32102018

Description

This exceptional Lorain Road office building presents a fantastic opportunity for businesses seeking high-quality space. The building features two available suites, totaling 607 square feet, offering flexibility for various needs. One suite measures 177 square feet, while the other is a more substantial 430 square feet. These suites can be combined to create a larger, more expansive workspace, ideal for growing companies. The building boasts convenient rear parking, a significant advantage in this location. Adding to the building's appeal is a vibrant first-floor coffee shop complete with an inviting outdoor patio, providing a convenient and pleasant amenity for tenants and visitors alike. The building is classified as Class A, reflecting its superior construction, modern amenities, and prime location. The traditional office layout provides a professional and efficient work environment. This is a rare opportunity to secure office space in a desirable location with excellent amenities. The building's multiple tenancy structure ensures a diverse and dynamic atmosphere. Don't miss this chance to establish your business in this thriving area. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,374,435

  6.5%

  $1,268,710

  7%

  $1,178,088

• Comparable approach

  Method

  Valuation

  Relative Method

  $714,646

  Geo Method

  $714,646

• Alternative Use

  Use

  Valuation

  Residential

  $1,573,200

  Hospitality

  $1,441,043

  Educational

  $1,198,930

  Medical

  $1,240,164

  Retail

  $1,865,003

Location Insight

City

Fairview Park

County

Cuyahoga

State

Ohio

Latitude

41.4449

Longitude

-81.8571

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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