Medical Office
For Sale
$1,000,000
464 Richmond Road, Cleveland, OH 44143
Well-maintained medical building with an on-site surgery center and 70–80% occupancy.
Property Size9,404 SF
Price / SF$106.34
Days on Market711
Property Features for 464 Richmond Road
General Information
Standard status
Active
Size
9,404 SF
Property subtype
Office
Occupancy
80%
Taxes and HOA fees
Annual Taxes
$31,073
Amenities
Central Air
3
Asphalt, Paved Driveway.
Building Details
Year Built
1988
Listing Agency:
Coldwell Banker Schmidt Realty
(440) 526-0500
Listed By:
Frank Boldizar · License #400958
(330) 998-0459
Source:
Xome
Added: Sep 26, 2024
Changed: Sep 1
Last Checked: Sep 5 at 5:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Schmidt Realty
Investment Insights
Based on property information with market context.
This well-maintained medical building is currently owned by a private physician, with their surgery center operating on-site. The property benefits from a mix of existing tenants, including a small music studio and a nurse training organization, with a majority of the occupancy described as medical. The building’s stated occupancy rate is approximately 70 to 80%, supporting income from existing operations.
The offering is positioned in a rapidly developing commercial area. The owner may be interested in remaining as a tenant, depending on final terms.
As presented, this is a medical-focused facility intended for physician practices seeking to operate within an established medical environment, while also providing potential secondary income through ownership.
The offering is positioned in a rapidly developing commercial area. The owner may be interested in remaining as a tenant, depending on final terms.
As presented, this is a medical-focused facility intended for physician practices seeking to operate within an established medical environment, while also providing potential secondary income through ownership.
Key Highlights
- Well‑maintained medical building with an on‑site surgery center operated by the private physician
- 70% to 80% occupancy rate reported
- Central air cooling and heating system (heating listed as '3')
Property Analytics
Property Profile
Current Use
Lease Details
80%
Occupancy
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44143, OH
25,339
Population
11,879
Households
2.1
Avg Household Size
50
Median Age
43%
College-Educated
94%
High-School Grad
14.1 sq mi
ZIP Area
1,797
Density / Sq Mi
$75,853
Median Household Income
$52,497
Median Earnings
$952
Median Rent
$252,200
Median Home Value
Market
Vacancy Rate% for Office in Cleveland, OH
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained medical building with an on-site surgery center and 70–80% occupancy.
Where is this medical office space located?
The property is located at 464 Richmond Road Cleveland, OH.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Well‑maintained medical building with an on‑site surgery center operated by the private physician; 70% to 80% occupancy rate reported; Central air cooling and heating system (heating listed as '3')
