1154 Hinkle DrWadsworth, OH 44281

  • Retail properties
  • 35,733 SF
For Lease

Property Details for 1154 Hinkle Dr

Year built
2006
Lot size
8.40 AC
Property size (Sq ft)
35,733 SF
Property type
Retail properties
Property subtype
Strip malls
APN
040-20B-04-113
APU
04020B04113

Description

This exceptional retail opportunity is located in a vibrant Wadsworth, Ohio shopping center anchored by Walmart and Home Depot. The property, a Class A, single-story building totaling 35,400 square feet, offers multiple suites for lease, ranging from a minimum of 1,500 square feet to a maximum contiguous space of 6,500 square feet. The building features eleven suites in total. Currently, one space is available. Specifically, Suite E offers 2,100 square feet and is suitable for a second-generation restaurant. Suite K provides 6,500 square feet, divisible down to 1,500 square feet. This prime location benefits from high visibility and significant foot traffic due to its proximity to major retailers. The center boasts a strong tenant mix, including Dollar Tree, Cricket Wireless, Game Stop, Sally Beauty, El Rincon, and Wadsworth Tobacco and Vape. The property is situated at 1154 Hinkle Dr, Wadsworth, OH 44281, in Medina County. This is an ideal location for businesses seeking high exposure and a thriving customer base. The property's strategic placement within a well-established shopping center ensures a steady stream of potential customers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,989,531
    6.5%
    $9,221,106
    7%
    $8,562,455
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,423,011
    Geo Method
    $8,423,011
  • Alternative Use

    Use
    Valuation
    Residential
    $7,778,348
    Hospitality
    $7,124,924
    Educational
    $5,927,854
    Medical
    $6,131,722
    Retail
    $9,221,106
1154 Hinkle Dr, Wadsworth, Ohio

Location Insight

City
Wadsworth
County
Medina
State
Ohio
Latitude
41.0544
Longitude
-81.725
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
$71,029
$324,360
$851,640
$1,176,000
-
$926,740
$2,433,260
$3,360,000

FAQs

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