This exceptional 1,569 square foot medical office suite is ideally situated at the highly visible corner of Medina Road and Foote Road in Medina County. Built in 2004, this single-story building offers a well-appointed space perfect for medical professionals. Suite C boasts five private offices, a reception area, three restrooms, a kitchenette, and a comfortable waiting room, providing ample space for both staff and patients. The property features nine total parking spaces, ensuring convenient access for everyone. With a total building size of 14,083 square feet and a 1.66-acre lot, this property offers significant potential. The building benefits from a high traffic count exceeding 17,500 vehicles daily on Medina Road (SR-18), providing excellent visibility and accessibility. Less than two miles from the I-71/SR-18 interchange, this location offers easy access to major transportation routes. The property is zoned BL and has a common area maintenance (CAM) charge of $4.50 per square foot. This is a rare opportunity to secure a well-maintained, conveniently located medical office space in a thriving area. Don't miss this chance to establish or expand your practice in this desirable location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,039,269
6.5%
$1,882,402
7%
$1,747,945
Comparable approach
Method
Valuation
Relative Method
$1,003,029
Geo Method
$1,003,029
Alternative Use
Use
Valuation
Residential
$2,334,179
Hospitality
$2,138,096
Educational
$1,778,870
Medical
$1,840,048
Retail
$2,767,132
Location Insight
City
Medina
County
Medina
State
Ohio
Latitude
41.1374
Longitude
-81.831
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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