16200 Madison AveLakewood, OH 44107

Property Details for 16200 Madison Ave

Year built

1977

Construction

TYPE NOT SPECIFIED

Lot size

0.96 AC

Property size (Sq ft)

14,853 SF

Zone code

C2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

313-24-025

APU

31324025

Description

This exceptional 1,100 square foot retail space is ideally situated at 16200 Madison Avenue in Lakewood, Ohio, within Cuyahoga County. The property is classified as a single-tenant strip center, offering a fantastic opportunity for a variety of retail businesses. Its location in Lakewood provides excellent access to a thriving community with high foot traffic and strong consumer demographics. The property's single-tenant occupancy ensures ease of management and streamlined operations. The address is easily accessible from major roadways, ensuring high visibility and convenient access for customers. The 1,100 square feet provide ample space for a diverse range of retail uses, from boutiques and specialty shops to service-oriented businesses. This property presents a compelling investment opportunity for those seeking a well-located, manageable retail space in a desirable Ohio market. The zip code is 44107. Further details regarding lease terms and conditions are available upon request. This is a rare opportunity to secure a prime retail location in a vibrant and growing community. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $3,927,919

  6.5%

  $3,625,771

  7%

  $3,366,788

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,501,161

  Geo Method

  $3,501,161

• Alternative Use

  Use

  Valuation

  Residential

  $3,058,474

  Hospitality

  $2,801,545

  Educational

  $2,330,853

  Medical

  $2,411,014

  Retail

  $3,625,771

Location Insight

City

Lakewood

County

Cuyahoga

State

Ohio

Latitude

41.4778

Longitude

-81.811

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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