23350 Mercantile RdBeachwood, OH 44122

Property Details for 23350 Mercantile Rd

Year built

1968

Construction

TYPE NOT SPECIFIED

Lot size

2.30 AC

Property size (Sq ft)

4,920 SF

Zone code

U-8

Property type

Office buildings

APN

742-22-012

APU

74222012

Description

This exceptional 22,400-square-foot single-tenant industrial property, located at 23350 Mercantile Road in Beachwood, Ohio, presents a unique opportunity for businesses seeking versatile space. Situated on a 2.3-acre lot in Cuyahoga County, the building boasts a desirable combination of office and warehouse functionality, perfect for a variety of operations. Constructed in 1968, the property features an impressive 18-foot ceiling height, providing ample vertical storage capacity. The warehouse component includes two dock-high doors and one drive-in door, ensuring efficient loading and unloading. Ample parking is available with 66 spaces provided for employees and visitors. The property is zoned U8 Storage and Manufacturing, allowing for a broad range of permitted uses. The building's electrical service is robust, featuring 800 amp 120/208V, 3-phase power. Currently, the entire 22,400 square feet is available for lease, offering a blank canvas for a discerning tenant to customize to their specific needs. The property's prime location in Beachwood, Ohio, offers easy access to major transportation routes, making it an ideal location for businesses seeking convenient logistics and a strong workforce. This is a rare opportunity to secure a substantial, well-located industrial property in a thriving market. The zip code is 44122.

• CAP approach

  CAP return

  Valuation

  6%

  $885,108

  6.5%

  $817,022

  7%

  $758,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $460,217

  Geo Method

  $460,217

• Alternative Use

  Use

  Valuation

  Residential

  $1,013,108

  Hospitality

  $928,001

  Educational

  $772,086

  Medical

  $798,639

  Retail

  $1,201,023

Location Insight

City

Beachwood

County

Cuyahoga

State

Ohio

Latitude

41.4579

Longitude

-81.5119

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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