799 Court StMedina, OH 44256

Property Details for 799 Court St

Year built

1963

Lot size

1.74 AC

Property size (Sq ft)

19,193 SF

Property type

Office buildings

APN

028-19A-13-212

APU

02819A13212

Description

This exceptional 13,640 square foot commercial property, located at 799 N Court Street in Medina, Ohio, presents a unique opportunity for businesses seeking flexible office or retail space. Built in 1963 and zoned C-2 Central Business, this multi-tenant building offers a range of options, with spaces divisible down to 500 square feet and contiguous space available up to 5,750 square feet. Currently, the entire 13,640 square feet is vacant, providing a blank canvas for a single tenant or the potential for multiple occupants. The property boasts ample parking with 80 spaces, ensuring convenient access for employees and clients. While some spaces have recently undergone renovations including new flooring, paint, and LED lighting, the landlord maintains all electrical and mechanical systems. The building's location in Medina County, Ohio, offers excellent visibility and accessibility within the central business district. This versatile property is ideal for a variety of uses, from professional offices to retail establishments, making it an attractive investment opportunity in a thriving Ohio community. The property's zip code is 44256.

• CAP approach

  CAP return

  Valuation

  6%

  $4,136,750

  6.5%

  $3,818,530

  7%

  $3,545,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,795,310

  Geo Method

  $1,795,310

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,844,000

  Retail / Commercial

  $3,958,510

  Mixed-Use / Specialty

  $3,894,080

  Hospitality / Lodging

  $2,791,450

  Institutional / Educational

  $4,030,290

  Residential Income

  $4,715,440

  Multifamily

  $5,934,400

  Automotive / Energy

  $3,454,530

  Parking / Income-Based Land

  $1,241,830

  Restaurant / Food Service

  $1,917,950

  Healthcare / Senior Housing

  $4,044,900

Location Insight

City

Medina

County

Medina

State

Ohio

Latitude

41.1485

Longitude

-81.8647

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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