1871 Bailey Rd, Cuyahoga Falls, OH 44221

This three-story, 14,322-square-foot Class B medical office building in Cuyahoga Falls, Ohio, presents a compelling value-add investment opportunity. Located at 1871 Bailey Road, this fee-simple property sits on 1.34 acres and boasts a 9.00% cap rate with a current NOI of $76,335. Built in 1973 and renovated in 2019, including a new roof in 2024, the building features a multi-tenant occupancy of 75%, with two tenants currently leasing under gross leases. The property's prime location, less than a mile from the Ohio State Route 8 intersection (92,400+ vehicles per day), offers excellent visibility and accessibility. Major tenants include Child Guidance & Family Services and Paradise Home Healthcare, providing a stable and recession-resistant tenant mix. The asking price is $848,000, translating to $59.21 per square foot. With new 5-year leases in place, this property offers limited rollover exposure and significant upside potential through increased occupancy. The building consists of three units across three stories, offering a diverse range of space options. Full occupancy is projected by January 1, 2025.