17406 Royalton RdStrongsville, OH 44136

Property Details for 17406 Royalton Rd

Year built

1983

Construction

TYPE NOT SPECIFIED

Lot size

2.67 AC

Property size (Sq ft)

20,260 SF

Zone code

PF

Property type

Medical offices

Property subtype

Medical centers

APN

396-12-028

APU

39612028

Description

This exceptional 21,960 square foot medical and traditional office building, constructed in 1983 and renovated in 2014, presents a unique opportunity in Strongsville, Ohio. Situated on 2.67 acres of land with a General Business (GB) zoning designation (APN: 396-12-028), this single-building property boasts high visibility on Royalton Road (Route 82), less than a mile from I-71 and the Ohio Turnpike, ensuring excellent highway accessibility. The building features four suites, with a minimum divisible space of 3,500 square feet and a maximum contiguous space of 6,700 square feet currently available. Amenities include an elevator, ample parking for convenient patient drop-off, and excellent signage opportunities, including facade and monument signage. The interior features multiple offices, a draw laboratory, x-ray room, break room, IT room, multiple private bathrooms, and a separate waiting area. The property benefits from its location across from South Park Mall and adjacent to new developments including HomeGoods and Panera Bread, providing abundant nearby restaurants and shopping. The well-maintained property includes renovated common areas, new exterior lighting, and improved landscaping. Tenant improvement packages are available to qualified tenants. This is a truly exceptional opportunity to establish a thriving practice in a high-traffic, highly visible location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,847,305

  6.5%

  $3,551,358

  7%

  $3,297,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,895,120

  Geo Method

  $1,895,120

• Alternative Use

  Use

  Valuation

  Residential

  $4,403,684

  Hospitality

  $4,033,751

  Educational

  $3,356,034

  Medical

  $3,471,453

  Retail

  $5,220,497

Location Insight

City

Strongsville

County

Cuyahoga

State

Ohio

Latitude

41.3137

Longitude

-81.8226

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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