5386 Majestic PkwyBedford Heights, OH 44146

Property Details for 5386 Majestic Pkwy

Year built

2001

Construction

TYPE NOT SPECIFIED

Lot size

1.63 AC

Property size (Sq ft)

18,720 SF

Zone code

I

Property type

Office properties

Property subtype

Office buildings

APN

791-14-081

APU

79114081

Description

This exceptional 2,400 square foot warehouse space is situated at 5386 Majestic Parkway in Bedford Heights, Ohio, within the highly desirable Cuyahoga County. The property boasts a convenient location, easily accessible via Majestic Parkway, and features a single-story building constructed in 1998. The warehouse is classified as Class B and sits on a generous 1.627-acre lot (APN 79114081). The zoning is designated as "I," ideal for industrial uses. The building itself comprises one structure with a total of one space currently available for lease. This space offers private offices complete with a reception area, providing a professional and functional workspace. Ample parking is available directly in front of the building, ensuring convenient access for employees and clients. Furthermore, the property benefits from prominent monument signage on Majestic Road, enhancing visibility and brand recognition. This is a fantastic opportunity for businesses seeking a well-maintained, conveniently located warehouse space in a thriving industrial area. The property is zoned for industrial use and offers a single-story layout for efficient operations. The address is 5386 Majestic Parkway, Bedford Heights, OH 44146.

• CAP approach

  CAP return

  Valuation

  6%

  $3,367,726

  6.5%

  $3,108,670

  7%

  $2,886,623

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,751,069

  Geo Method

  $1,751,069

• Alternative Use

  Use

  Valuation

  Residential

  $3,854,752

  Hospitality

  $3,530,932

  Educational

  $2,937,694

  Medical

  $3,038,726

  Retail

  $4,569,746

Location Insight

City

Bedford Heights

County

Cuyahoga

State

Ohio

Latitude

41.4137

Longitude

-81.5048

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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