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    2602-2624 Hubbard Rd Madison, OH 44057

    Sponsored
    For Lease
    $17 SF/Yr

    Prime Medical Office Space Available

    Lot size:
    16,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional medical office complex, located at 2602-2624 Hubbard Road in Madison Township, Ohio, presents a unique investment opportunity. The property encompasses two single-story buildings totaling 16,250 square feet, constructed in 2001 and situated on a 2.48-acre lot. Currently, there are five suites available, with a significant 8,501 square feet of vacant space ready for immediate occupancy. The flexible floor plans allow for spaces ranging from a minimum of 967 square feet to a maximum contiguous space of 4,242 square feet, catering to a variety of medical practices and professional businesses. The property is zoned B-2, Regional Business, providing ample opportunity for expansion and diverse uses. The Class B building offers a comfortable and functional environment for tenants. Its convenient location in Madison Township, Ohio, with a 44057 zip code, ensures easy access for patients and staff. The property's APN is 01B1080000230, and Lake County records can provide further details. This is an ideal opportunity to establish or expand a medical practice in a thriving community. The multiple tenancy structure offers flexibility for various sized businesses. Don't miss this chance to acquire a well-located, versatile medical office complex.

    Property Features for 2602-2624 Hubbard Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,250 SF
    Class
    B
    Total Rate
    23020.83

    Building Details

    Year Built
    2001
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    2602 Hubbard Rd
    Size
    1,365 SF
    Rate per SF
    $17
    Space
    2614 Hubbard Rd
    Size
    3,197 SF
    Rate per SF
    $17
    Space
    2606 Hubbard Rd
    Size
    1,927 SF
    Rate per SF
    $17
    Space
    2620 Hubbard Rd
    Size
    1,045 SF
    Rate per SF
    $17

    HighLights

    • Join Cleveland Clinic - Now Open!
    • 967‑4,242 square feet of contiguous space available.
    • Newer buildings in excellent condition.
    • Locally owned, responsive management.
    • Suite options include 1,365 SF administrative office with open workspace and 3,197 SF of space ideal for small offices/exam rooms with reception and kitchenette.
    • Ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Lake
    State
    Ohio
    Longitude
    -81.048525388813
    Latitude
    41.8036905218

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Space Available
    Where is this medical office located?
    The property is located at 2602-2624 Hubbard Rd Madison, OH.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Join Cleveland Clinic - Now Open!; 967-4,242 square feet of contiguous space available.; Newer buildings in excellent condition.
    Request Owner's contact information
    2602-2624 Hubbard Rd Madison, OH 44057
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    Madison, OH 44057
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2602-2624 Hubbard Rd Madison, OH 44057
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