Building Details

Year Built 2004

Year Renovated 2016

Listing Agency: Gerspacher Real Estate Group Show Phone

Listed By: Emily Faust · License #SAL.2021003573 Show Phone

Source: Moodyscre

Added: Aug 18 Changed: Aug 21 Last Checked: Aug 21 at 9:25AM

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Investment Insights

Based on property information with market context.

This office property provides ±40,000 SF of space in a building constructed in 2004 and updated in 2016. Elevator service, available building and monument signage, and approximately 226 parking spaces support day-to-day operations. Furniture, fixtures, and equipment are negotiable, while the facility includes 3-phase, 480 V, 800 AMP power, fiber at the building, and a backup generator.

Located at 4940 Enterprise Parkway in Seville, Ohio, the property offers access to the I-76 interchange approximately 1/4 mile away and sits 2 miles from I-71. Industrial zoning is in place. The sellers are open to a sale-leaseback involving 5,000 SF, providing an additional transaction structure for an owner-user or investor.

Key Highlights

• ±40,000 SF of office space
• Updated in 2016; original construction completed in 2004
• ±226 parking spaces with building and monument signage available

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Dental Office Electrical Service Law Firm Spa & Massage Center Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

172

Businesses Nearby

Explore this area Business Placement

Demographics for 44273, OH

6,900

Population

2,791

Households

2.5

Avg Household Size

46

Median Age

27%

College-Educated

92%

High-School Grad

38.7 sq mi

ZIP Area

178

Density / Sq Mi

$93,328

Median Household Income

$48,479

Median Earnings

$943

Median Rent

$242,900

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Industrial zoning, elevator access, and building signage support a functional office configuration.

Where is this office building located?

The property is located at 4940 Enterprise Parkway Seville, OH.

What is the asking price?

The asking price for this property is $3,785,000.

What are key features of this property?

This property features: ±40,000 SF of office space; Updated in 2016; original construction completed in 2004; ±226 parking spaces with building and monument signage available