3575 Medina RdMedina, OH 44256

  • Retail properties
  • 3,520 SF
For Sale
$445,000 View listing

Property Details for 3575 Medina Rd

Year built
1998
Lot size
0.08 AC
Property size (Sq ft)
3,520 SF
Property type
Retail properties
Property subtype
Retail space
APN
026-06D-33-104
APU
02606D33104

Description

This 3,520 square foot retail condominium, located at 3575 Medina Road in Medina, Ohio (zip code 44256), is offered at $445,000, representing a price per square foot of $126.42. Situated on a 0.08-acre lot, the property is zoned for Limited Business use and offers a wide-open space suitable for various retail, food service, or service provider businesses. The convenient location boasts ample on-site parking directly in front of the building, ensuring easy access for customers and employees. This high-traffic area benefits from a strong vehicle and pedestrian count, placing it within one of Medina County's most active commercial corridors. The property's proximity to established businesses such as Howard Hanna, Tres Potrillo, and The UPS Store further underscores its desirability and potential for success. This presents a unique opportunity to acquire a well-positioned retail or office space in a thriving Medina County location. The property is easily accessible from Medina Road and offers excellent visibility for any business.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $984,053
    6.5%
    $908,356
    7%
    $843,474
  • Comparable approach

    Method
    Valuation
    Relative Method
    $829,737
    Geo Method
    $829,737
  • Alternative Use

    Use
    Valuation
    Residential
    $766,232
    Hospitality
    $701,865
    Educational
    $583,943
    Medical
    $604,026
    Retail
    $908,356
3575 Medina Rd, Medina, Ohio
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Location Insight

City
Medina
County
Medina
State
Ohio
Latitude
41.137
Longitude
-81.8155
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,391
$18,810
$219,020
$237,830
-
$53,740
$625,760
$679,500

FAQs

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