1655 Pearl RdBrunswick, OH 44212

Property Details for 1655 Pearl Rd

Year built

1993

Lot size

5.00 AC

Property size (Sq ft)

12,000 SF

Property type

Retail properties

Property subtype

Strip malls

APN

003-18D-07-041

APU

00318D07041

Description

This exceptional 44,500 square foot retail center, situated on a 4.99-acre lot in Brunswick, Ohio, presents a compelling investment opportunity. Built in 1972, this single-story building boasts a prime location near the intersection of Pearl Road and SR 303 (Center Road), benefiting from significant daily traffic counts: 26,279 vehicles on Pearl Road and 25,476 on Center Road. The center is anchored by a Discount Drug Mart and features a diverse mix of established tenants, including Kelly’s Crepes, Old World Deli, Synergy Chiropractic, and Dino Maria’s Hair Salon. This multi-tenant property offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property is located in Medina County's Medina submarket, within the Brunswick submarket cluster, and has a 44212 zip code. The property's single-story design and ample parking provide convenient access for customers and employees. This established center offers a strong foundation for continued success and growth. The property's high-traffic location and diverse tenant mix make it a desirable investment for those seeking a stable and profitable retail portfolio addition.

• CAP approach

  CAP return

  Valuation

  6%

  $3,349,782

  6.5%

  $3,092,107

  7%

  $2,871,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,828,650

  Geo Method

  $2,828,650

• Alternative Use

  Use

  Valuation

  Residential

  $2,608,308

  Hospitality

  $2,389,196

  Educational

  $1,987,783

  Medical

  $2,056,146

  Retail

  $3,092,107

Location Insight

City

Brunswick

County

Medina

State

Ohio

Latitude

41.2299

Longitude

-81.8402

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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