95 Chillicothe RdAurora, OH 44202

Property Details for 95 Chillicothe Rd

Year built

1996

Lot size

0.82 AC

Property size (Sq ft)

6,184 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

03-017-00-00-056

APU

30170000056

Description

This exceptional commercial land parcel, located at 95 N Chillicothe Rd in Aurora, OH 44202, presents a unique investment opportunity. Situated in a thriving, affluent suburb with an average household income exceeding $130,000, this property boasts a highly desirable location at a signalized intersection directly across from the bustling Barrington Town Centre. The center includes prominent businesses such as Heinen's grocery store, Huntington Bank, University Hospitals facilities, Pizza Hut, and Wendy's, ensuring high visibility and significant foot traffic. The development is divided into two phases. Phase 1 is nearly complete, with two leases pending for a dental practice and a children's school. Phase 2 offers flexibility, allowing for either a single-tenant ground lease or a multi-tenant build-to-suit development. A key advantage is the property's drive-thru potential, highly attractive to a variety of businesses. This prime location, coupled with the existing infrastructure and development progress, makes this an exceptional opportunity for investors seeking strong returns in a high-demand market. The property is zoned for commercial use and is ready for immediate development. Contact us today to learn more about this exciting opportunity to establish a thriving business in a premier Aurora location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,176,055

  6.5%

  $1,085,590

  7%

  $1,008,047

• Comparable approach

  Method

  Valuation

  Relative Method

  $578,451

  Geo Method

  $578,451

• Alternative Use

  Use

  Valuation

  Residential

  $1,346,131

  Hospitality

  $1,233,049

  Educational

  $1,025,882

  Medical

  $1,061,164

  Retail

  $1,595,817

Location Insight

City

Aurora

County

Portage

State

Ohio

Latitude

41.3197

Longitude

-81.346

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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