1920 Medina RdMedina, OH 44256

  • Retail properties
  • 4,778 SF
For Lease
$96.36/SF/YR View listing

Property Details for 1920 Medina Rd

Year built
1940
Construction
WOOD
Lot size
1.06 AC
Property size (Sq ft)
4,778 SF
Property type
Retail properties
Property subtype
Retail space
APN
033-12A-03-015
APU
03312A03015

Description

This exceptional 567-square-foot flex space, located in Medina County, presents a fantastic opportunity for businesses seeking a versatile industrial property. Currently, one unit is available for lease within this well-situated garage. The property is classified as industrial and features a convenient flex space configuration, ideal for a variety of uses. The unit includes one overhead door and one man door, providing easy access for loading and unloading goods. The building's prime location ensures high traffic visibility, a significant advantage for businesses seeking maximum exposure. This makes it an excellent choice for companies needing convenient access and high visibility for their operations. The property's single-space availability makes it perfect for smaller businesses or those requiring a compact yet functional workspace. The "flex" designation highlights the adaptability of the space, allowing for customization to suit specific business needs. The property is situated in Medina County, offering access to a robust local economy and a well-established infrastructure. This is a rare opportunity to secure a well-located, functional industrial space in a desirable area. Interested parties are encouraged to inquire promptly to secure this exceptional property.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,335,740
    6.5%
    $1,232,990
    7%
    $1,144,920
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,126,274
    Geo Method
    $1,126,274
  • Alternative Use

    Use
    Valuation
    Residential
    $1,040,073
    Hospitality
    $952,702
    Educational
    $792,637
    Medical
    $819,897
    Retail
    $1,232,990
1920 Medina Rd, Medina, Ohio

Location Insight

City
Medina
County
Medina
State
Ohio
Latitude
41.1358
Longitude
-81.7564
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
$6,166
$67,220
$65,770
$132,990
-
$192,070
$187,910
$379,980

FAQs

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