1729 Pearl RdBrunswick, OH 44212

Property Details for 1729 Pearl Rd

Year built

1958

Lot size

18.23 AC

Property size (Sq ft)

38,275 SF

Property type

Retail properties

Property subtype

Strip malls

APN

003-18D-13-048

APU

00318D13048

Description

This exceptional 18.249-acre retail outlot, designated as Outlot 2, presents a unique investment opportunity in Medina County. The property boasts seven single-story buildings constructed in 1958 and extensively renovated in 1997, all situated within a thriving commercial area. The zoning is classified as C-G, allowing for a variety of retail uses. A key advantage is its location at the second largest signalized intersection in the county, ensuring high visibility and accessibility. The property features ample parking, with approximately 780 spaces available to accommodate customers and employees. This is a grocery store-anchored center, providing a strong draw for shoppers. The property's APN is 00318D13048|2. Currently, one retail space is available for lease. The property's strategic location and substantial parking make it an ideal location for a variety of retail businesses seeking high traffic and visibility. The existing infrastructure and recent renovations offer immediate occupancy potential, minimizing upfront investment costs. This is a rare opportunity to acquire a well-positioned retail property in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $10,684,412

  6.5%

  $9,862,534

  7%

  $9,158,067

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,022,214

  Geo Method

  $9,022,214

• Alternative Use

  Use

  Valuation

  Residential

  $8,319,416

  Hospitality

  $7,620,540

  Educational

  $6,340,200

  Medical

  $6,558,250

  Retail

  $9,862,534

Location Insight

City

Brunswick

County

Medina

State

Ohio

Latitude

41.2282

Longitude

-81.8396

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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