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    999 Lafayette Rd Medina, OH 44256

    For Sale
    $695,000

    7,200 SF, 2 buildings, high visibility

    Property size:
    7,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 999 Lafayette Rd in Medina, Ohio, presents a unique investment opportunity. The 1.96-acre corner lot boasts two buildings totaling 7,200 square feet, offering versatile space for a variety of businesses. The larger building features a recently renovated 2,320 square foot retail/showroom space with five private offices and two restrooms. A lower-level 2,320 square foot shop includes an 8' x 8' grade-level door, ramp access, and a floor drain, ideal for repair and service operations. A separate 2,560 square foot cold storage warehouse is equipped with three 12' x 12' grade-level doors and a dock. The property benefits from two access points, 158 feet of frontage on Lafayette Road and 354 feet on Lake Road, ensuring high visibility and accessibility. Zoned C-3 General Commercial, permitted uses include motor vehicle sales/repair, office space, restaurants, and more, with conditional permits for additional uses such as car washes and drive-thrus. The property enjoys a high traffic count of approximately 15,485 vehicles daily. Single-phase, 110/220V, 200-amp power is available. The 2023 property taxes were $4,336.24. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving Medina County market. Asking price is $695,000.

    Property Features for 999 Lafayette Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,200 SF
    Lot Size
    85,378 SF

    Building Details

    Buildings
    2

    HighLights

    • 1.96‑acre corner lot with two access points.
    • 7,200 SF total building area in two buildings.
    • 2,320 SF upper‑level retail/office showroom with five private offices and two restrooms.
    • 2,320 SF lower‑level shop with 8'x8' grade‑level door, ramp access, and floor drain.
    • 2,560 SF cold storage warehouse with three 12'x12' grade‑level doors and a dock.
    • 158' frontage on Lafayette Road and 354' on Lake Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Medina
    County
    Medina
    State
    Ohio
    Longitude
    -81.8942946
    Latitude
    41.1244668

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    FAQs

    What type of property is this?
    Individual retail property - 7,200 SF, 2 buildings, high visibility
    Where is this individual retail property located?
    The property is located at 999 Lafayette Rd Medina, OH.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: 1.96-acre corner lot with two access points.; 7,200 SF total building area in two buildings.; 2,320 SF upper-level retail/office showroom with five private offices and two restrooms.
    Request Owner's contact information
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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
    999 Lafayette Rd Medina, OH 44256
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