754 Richmond RdRichmond Heights, OH 44143

Property Details for 754 Richmond Rd

Year built

1965

Construction

TYPE NOT SPECIFIED

Lot size

0.61 AC

Property size (Sq ft)

7,373 SF

Zone code

B-1

Property type

Office buildings

APN

662-30-081

APU

66230081

Description

This exceptional commercial property at 754 Richmond Road in Richmond Heights, Ohio, offers a unique opportunity for businesses seeking executive office space. Located in Cuyahoga County, this 8,140 square foot building features a blend of retail and office space, currently configured for multiple tenants. A significant portion of the building, totaling 4,160 square feet, is immediately available for lease. The property's convenient location in the 44143 zip code provides easy access to major transportation routes and amenities. The building's design is well-suited for businesses requiring a professional and modern workspace. The available space is ideal for a variety of executive office configurations, offering flexibility to accommodate different business needs. This is a rare opportunity to secure high-quality office space in a desirable location. The property's existing infrastructure provides a solid foundation for immediate occupancy, minimizing setup time and maximizing productivity. Interested parties are encouraged to inquire promptly to secure this exceptional space. The property is classified as both retail and office, offering potential for diverse business applications. The multiple tenancy setup allows for a flexible and adaptable environment. This presents a chance to establish a presence in a thriving community with excellent accessibility. The building's size and layout provide ample room for growth and expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $1,326,402

  6.5%

  $1,224,371

  7%

  $1,136,916

• Comparable approach

  Method

  Valuation

  Relative Method

  $689,670

  Geo Method

  $689,670

• Alternative Use

  Use

  Valuation

  Residential

  $1,518,220

  Hospitality

  $1,390,682

  Educational

  $1,157,031

  Medical

  $1,196,823

  Retail

  $1,799,826

Location Insight

City

Richmond Heights

County

Cuyahoga

State

Ohio

Latitude

41.5397

Longitude

-81.4977

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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