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    5827 Wooster Pike Medina, OH 44256

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    Prime Medina Retail Outparcel - Ground Lease

    Lot size:
    76,666 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2,232 square foot outparcel presents a rare ground lease opportunity within the burgeoning South Town Center retail development in Medina, Ohio. Located at 5817 Wooster Pike (SR 3) in Montville Township, this highly visible site benefits from its strategic position just south of the Medina Town Square and its thriving retail corridor. Expected delivery is in the fourth quarter of 2024. The property boasts excellent street frontage and includes a pylon sign for maximum brand exposure. This is the last remaining outparcel in this new development, offering unparalleled access to a strong customer base. Surrounding established businesses include Acme Fresh Market (opening soon), Mr. Tire, Discount Drug Mart, McDonald's, Handel's Homemade Ice Cream & Yogurt, and the new Warehouse Gym, ensuring high traffic and a diverse customer demographic. The site's convenient location provides easy access to area schools, further enhancing its appeal. This is an ideal location for a variety of retail uses, capitalizing on the significant growth and established retail presence in the area. The property's prime location and the strength of its neighboring businesses make this an exceptional investment opportunity. Don't miss this chance to secure a prominent position in a thriving Medina retail hub.

    Property Features for 5827 Wooster Pike

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    76,666 SF

    Unit(s) available at that property

    Space
    Last Remaining Outparcel
    Size
    76,666 SF

    HighLights

    • Last remaining ~2,232 SF outparcel available for ground lease in a new retail development.
    • Delivery expected Q4 2024.
    • Located on Wooster Pike (SR 3), near Medina Town Square.
    • Excellent street visibility and pylon signage.
    • Strong neighboring tenants including Acme Fresh Market, Mr. Tire, Discount Drug Mart, McDonald's, Handel's Homemade Ice Cream, and The Warehouse Gym.
    • Convenient access to local schools.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Medina
    County
    Medina
    State
    Ohio
    Longitude
    -81.864152161096
    Latitude
    41.115801485282

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    FAQs

    What type of property is this?
    Individual retail property - Prime Medina Retail Outparcel - Ground Lease
    Where is this individual retail property located?
    The property is located at 5827 Wooster Pike Medina, OH.
    What are key features of this property?
    This property features: Last remaining ~2,232 SF outparcel available for ground lease in a new retail development.; Delivery expected Q4 2024.; Located on Wooster Pike (SR 3), near Medina Town Square.
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    5827 Wooster Pike Medina, OH 44256
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