23 Court StMedina, OH 44256

Property Details for 23 Court St

Year built

1872

Lot size

0.22 AC

Property size (Sq ft)

19,533 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

028-19A-21-212

APU

02819A21212

Description

This exceptional turnkey opportunity presents a thriving health and wellness center located in the vibrant Medina Square. Priced at $365,000, this sale includes all state-of-the-art equipment (acquired within the last two years), a transferable lease (subject to landlord approval), a substantial client database of 1200 individuals, and established partnerships with medical providers. The business model successfully integrates in-person and remote services, offering medical weight loss treatments including Cryolipolysis (Cryo), Semaglutide prescriptions, and various wellness packages combining cryo slimming, sauna use, spin class, and red light therapy. The current average of 250 in-office appointments per month, excluding telehealth consultations, demonstrates strong client demand. Significant cost savings are realized through outsourcing to an office medical director, eliminating $1500-$2000 in monthly overhead. Telehealth capabilities offer substantial expansion potential into a wider range of medical services. The business operates on a 0.22-acre lot and benefits from the high foot traffic of Medina Square's prime location. This is an ideal acquisition for a licensed RN/NP seeking ownership of a profitable and scalable business with established infrastructure and a loyal client base. Full equipment and service lists are available upon request. The sale includes all equipment, free and clear, with no franchise fees or restrictions. New owners will be responsible for monthly lease payments and managing lease requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $4,606,265

  6.5%

  $4,251,937

  7%

  $3,948,227

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,832,031

  Geo Method

  $2,832,031

• Alternative Use

  Use

  Valuation

  Residential

  $4,251,937

  Hospitality

  $3,894,752

  Educational

  $3,240,388

  Medical

  $3,351,829

  Retail

  $5,040,602

Location Insight

City

Medina

County

Medina

State

Ohio

Latitude

41.1383

Longitude

-81.8645

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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