4995 Park AveSeville, OH 44273

Property Details for 4995 Park Ave

Year built

1999

Construction

WOOD

Lot size

0.81 AC

Property size (Sq ft)

4,032 SF

Property type

Office properties

Property subtype

Office buildings

APN

012-21A-02-021

APU

01221A02021

Description

This exceptional one-story office building, totaling 4,032 square feet, presents a fantastic opportunity in Seville, Ohio. Constructed in 1999 and renovated in 2013, the property boasts a desirable Class B rating and offers immediate occupancy for a variety of office uses, including traditional, executive, and creative office spaces. Currently, there are three suites available, with vacant space totaling 1,100 square feet, and additional space potentially available. The building sits on a 0.81-acre lot providing ample parking for tenants and visitors. Its strategic location near the intersection of Park Ave W and Route 3 ensures easy access to major highways, including I-71 and I-76, providing convenient commutes to Medina, Akron, Cleveland, and other surrounding areas. The property features a convenient location for businesses needing access to multiple major cities. Utilities are the responsibility of the tenant. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving Medina County submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $766,794

  6.5%

  $707,810

  7%

  $657,252

• Comparable approach

  Method

  Valuation

  Relative Method

  $377,153

  Geo Method

  $377,153

• Alternative Use

  Use

  Valuation

  Residential

  $877,684

  Hospitality

  $803,954

  Educational

  $668,880

  Medical

  $691,884

  Retail

  $1,040,481

Location Insight

City

Seville

County

Medina

State

Ohio

Latitude

41.0346

Longitude

-81.869

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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