3663 Park DrBeachwood, OH 44122

  • Hospitality properties
  • 41,686 SF
For Lease

Property Details for 3663 Park Dr

Year built
1977
Construction
TYPE NOT SPECIFIED
Lot size
9.98 AC
Property size (Sq ft)
41,686 SF
Zone code
U-9
Property type
Hospitality properties
Property subtype
Hotels
APN
742-29-017
APU
74229017

Description

This exceptional retail property, located at 3663 Park E Dr in Beachwood, Ohio (zip code 44122), offers a total of 937,601 square feet of leasable space. Situated on a generous 10-acre lot in Cuyahoga County, this multi-tenant building presents a unique opportunity for businesses seeking flexible space options. The property is currently 100% vacant, providing a blank canvas for a diverse range of retail concepts. Units are available in sizes ranging from a minimum of 310 square feet to a maximum contiguous space of 137,250 square feet, catering to a wide spectrum of tenant needs and business scales. The property's prime location in Beachwood offers excellent visibility and accessibility, ensuring high foot traffic and strong potential for business growth. This is an unparalleled opportunity to establish a presence in a thriving retail market. The property is categorized as retail and is ready for immediate occupancy. Contact us today to learn more about leasing opportunities and explore the possibilities this expansive retail center offers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $8,517,964
    6.5%
    $7,862,736
    7%
    $7,301,112
  • Comparable approach

    Method
    Valuation
    Relative Method
    $9,163,375
    Geo Method
    $9,163,375
  • Alternative Use

    Use
    Valuation
    Residential
    $8,583,823
    Hospitality
    $7,862,736
    Educational
    $6,541,704
    Medical
    $6,766,684
    Retail
    $10,175,984
3663 Park Dr, Beachwood, Ohio

Location Insight

City
Beachwood
County
Cuyahoga
State
Ohio
Latitude
41.4604
Longitude
-81.4928
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$355,319
$1,293,740
$3,040,660
$4,334,400
-
$3,696,400
$8,687,600
$12,384,000

FAQs

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