13353 Smith RdMiddleburg Heights, OH 44130

Property Details for 13353 Smith Rd

Year built

1971

Construction

TYPE NOT SPECIFIED

Lot size

8.12 AC

Property size (Sq ft)

104,459 SF

Zone code

GB

Property type

Retail properties

Property subtype

Outlet malls

APN

372-30-017

APU

37230017

Description

This exceptional three-acre parcel, located at 13353 Smith Rd in Middleburg Heights, Ohio (zip code 44130), presents a unique opportunity for developers and investors. Zoned PMU (Planned Mixed-Use Development) in Cuyahoga County, this single-tenant site offers significant flexibility for a variety of commercial ventures. The property's expansive size allows for substantial building potential, catering to diverse needs. With a total land area ranging from one to three acres, the site provides ample space for development. The property's location in the thriving Middleburg Heights market ensures high visibility and accessibility. The parcel's APN is 37230017. This versatile land is ideal for retail, office, or mixed-use developments, making it an attractive investment prospect. The property type is classified as Retail, Office, and Land, with a subtype of Commercial, Traditional Office, and Mixed Use. This presents a rare chance to acquire a significant commercial property in a desirable location with considerable development potential. The property's latitude and longitude coordinates are 41.37411201650266 and -81.78986704053547 respectively. This prime location offers excellent access and visibility for any commercial enterprise.

• CAP approach

  CAP return

  Valuation

  6%

  $27,624,484

  6.5%

  $25,499,524

  7%

  $23,678,128

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,623,160

  Geo Method

  $24,623,160

• Alternative Use

  Use

  Valuation

  Residential

  $21,509,802

  Hospitality

  $19,702,864

  Educational

  $16,392,551

  Medical

  $16,956,316

  Retail

  $25,499,524

Location Insight

City

Middleburg Heights

County

Cuyahoga

State

Ohio

Latitude

41.3739

Longitude

-81.7899

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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