285 Reagan PkwyMedina, OH 44256
- Office properties
- 6,930 SF
Property Details for 285 Reagan Pkwy
- Year built
- 1998
- Construction
- WOOD
- Lot size
- 1.41 AC
- Property size (Sq ft)
- 6,930 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 028-19B-06-271
- APU
- 02819B06271
Description
This exceptional 2,400 square foot executive office space, located at 285 E Reagan Pkwy in Medina, Ohio, presents a unique opportunity for businesses seeking a high-visibility location. Previously occupied by a Chase Bank, this single-tenant property is ideally suited for a similar financial institution or a variety of other office or retail uses. The space features two private offices, a restroom, a welcoming lobby with front desk area, a convenient kitchenette, and a small copy room. A significant advantage is the inclusion of three drive-thru lanes, a rare and valuable asset for businesses requiring this type of customer access. The property benefits from abundant natural light, creating a bright and inviting atmosphere. Situated on E. Reagan Parkway, the building enjoys excellent visibility and accessibility, with over 8,800 vehicles passing daily. The location is further enhanced by its proximity to the busy N. Court Street. The C-3 General Business zoning allows for a wide range of retail and office uses, providing flexibility for potential tenants. This property offers a turnkey solution for businesses seeking a well-appointed and strategically located space in the thriving Medina, Ohio market, within Medina County and zip code 44256. The address is 285 E Reagan Pkwy.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,317,928
- 6.5%
- $1,216,548
- 7%
- $1,129,652
-
Comparable approach
- Method
- Valuation
- Relative Method
- $648,232
- Geo Method
- $648,232
-
Alternative Use
- Use
- Valuation
- Residential
- $1,508,520
- Hospitality
- $1,381,796
- Educational
- $1,149,638
- Medical
- $1,189,176
- Retail
- $1,788,326
Location Insight
- City
- Medina
- County
- Medina
- State
- Ohio
- Latitude
- 41.1561
- Longitude
- -81.8596
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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