207 Court StMedina, OH 44256

Property Details for 207 Court St

Year built

1999

Construction

TYPE NOT SPECIFIED

Lot size

1.34 AC

Property size (Sq ft)

11,077 SF

Property type

Retail properties

Property subtype

Drug stores

APN

028-19A-21-364

APU

02819A21364

Description

This exceptional 11,077-square-foot retail building presents a compelling investment opportunity in the heart of Medina, Ohio. Built in 1999, this Class B property sits on a 1.34-acre lot and boasts a versatile C-2 zoning designation, allowing for a variety of retail uses, including convenience store, pharmacy/drug store, or restaurant. Currently vacant, this high-visibility property offers ample space for customization and significant potential for strong customer traffic. Its prime location near Medina's historic district ensures high visibility and accessibility, benefiting from the area's blend of historic charm and modern conveniences. The property's strategic positioning near Medina Square and the Medina County Courthouse provides easy access to a range of amenities and attractions, capitalizing on the thriving local economy and strong sense of community. The asking price is $3,490,000, translating to $315.07 per square foot. This represents a solid foundation for retail success in a desirable Ohio location. The property's modern design and ample space make it an ideal free-standing building investment, ready for a new tenant to capitalize on its prime location and versatile layout. The 1999 construction ensures contemporary appeal, while the substantial lot size provides ample room for expansion or additional development. This is a rare opportunity to acquire a well-located, versatile retail property in a thriving Ohio market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,096,690

  6.5%

  $2,858,484

  7%

  $2,654,306

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,611,079

  Geo Method

  $2,611,079

• Alternative Use

  Use

  Valuation

  Residential

  $2,411,238

  Hospitality

  $2,208,681

  Educational

  $1,837,596

  Medical

  $1,900,794

  Retail

  $2,858,484

Location Insight

City

Medina

County

Medina

State

Ohio

Latitude

41.141

Longitude

-81.8646

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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