2736 Medina RdMedina, OH 44256

Property Details for 2736 Medina Rd

Year built

2008

Lot size

7.04 AC

Property size (Sq ft)

65,740 SF

Property type

Retail properties

Property subtype

Strip malls

APN

030-11B-05-009

APU

03011B05009

Description

This exceptional retail opportunity is located within the highly sought-after Montville Centre, a 65,000 square foot neighborhood strip center in Medina County's Cleveland-Akron submarket. Built in 2008, this property boasts 4,100 square feet of immediately available retail space, perfect for a variety of businesses. The space features impressive 17-foot ceilings and abundant natural light thanks to 14-foot glass windows. The center offers 160 parking spaces for customer convenience. The building is equipped with a sprinkler system, ensuring safety and peace of mind. Strategically situated at the intersection of Rt. 18 (Medina Rd.) and I-71, this location provides unparalleled visibility and accessibility, with quick access to I-271. This prime location within the Medina submarket cluster guarantees high traffic volume and exposure to a large customer base. Don't miss this chance to establish your business in a thriving retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $18,378,300

  6.5%

  $16,964,584

  7%

  $15,752,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,496,285

  Geo Method

  $15,496,285

• Alternative Use

  Use

  Valuation

  Residential

  $14,310,261

  Hospitality

  $13,108,123

  Educational

  $10,905,804

  Medical

  $11,280,871

  Retail

  $16,964,584

Location Insight

City

Medina

County

Medina

State

Ohio

Latitude

41.1354

Longitude

-81.7861

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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