1 Park Center DrWadsworth, OH 44281

Property Details for 1 Park Center Dr

Year built

1982

Lot size

4.46 AC

Property size (Sq ft)

43,200 SF

Property type

Office buildings

APN

040-20B-05-060

APU

04020B05060

Description

One Park Center Drive in Wadsworth, Ohio, offers a fantastic opportunity to lease high-quality office space. This Class B building, totaling 43,200 square feet, features a convenient location with immediate access to I-76, making it an ideal choice for businesses seeking easy commutes and accessibility. The property boasts approximately 100 parking spaces and is zoned C-4. Currently, there is 2,450 square feet of vacant space available for lease, divisible down to a minimum of 600 square feet, offering flexibility for businesses of various sizes. The building is equipped with an elevator and is ADA compliant, ensuring accessibility for all. One available suite (Suite 11), located on the lower level, comprises 2,450 square feet and includes a reception/lobby area, three private offices (two with windows), a conference room with windows, a copier room, a kitchenette, and a storage/cubicle room. This versatile space is perfect for a variety of business needs. Located in Medina County, with the address 1 Park Center Dr, Wadsworth, OH 44281, this property presents a compelling opportunity to establish or expand your business in a thriving location. The building's multiple tenancy structure provides a diverse and dynamic work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $8,215,652

  6.5%

  $7,583,679

  7%

  $7,041,988

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,040,928

  Geo Method

  $4,040,928

• Alternative Use

  Use

  Valuation

  Residential

  $9,403,762

  Hospitality

  $8,613,795

  Educational

  $7,166,576

  Medical

  $7,413,046

  Retail

  $11,148,008

Location Insight

City

Wadsworth

County

Medina

State

Ohio

Latitude

41.0476

Longitude

-81.7278

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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