2835 Medina RdMedina, OH 44256

Property Details for 2835 Medina Rd

Year built

1970

Construction

TYPE NOT SPECIFIED

Lot size

0.80 AC

Property size (Sq ft)

3,854 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

026-06D-35-057

APU

02606D35057

Description

This exceptional freestanding retail property, located at 2835 Medina Rd, Medina, OH 44256, presents a unique opportunity for businesses seeking high visibility and accessibility. Situated on a 0.8-acre corner lot at the signalized intersection of State Route 18 and Gateway Drive, this Class B building benefits from its strategic location near I-77, ensuring convenient access for customers and employees. The single-story, 1-building structure previously housed a restaurant, offering a substantial shell space ready for customization. Key features include a former bar area, open seating area, existing kitchen hoods, and a walk-in cooler/freezer. The property's high-traffic location on a well-established intersection has a proven track record of success within Medina County for many years. The vacant space allows for complete renovation and adaptation to suit the specific needs of the next tenant. This is an ideal opportunity to establish a thriving business in a prime Medina location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,077,426

  6.5%

  $994,547

  7%

  $923,508

• Comparable approach

  Method

  Valuation

  Relative Method

  $908,468

  Geo Method

  $908,468

• Alternative Use

  Use

  Valuation

  Residential

  $838,937

  Hospitality

  $768,462

  Educational

  $639,352

  Medical

  $661,340

  Retail

  $994,547

Location Insight

City

Medina

County

Medina

State

Ohio

Latitude

41.1367

Longitude

-81.7894

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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