Property summary
This Willoughby, Ohio property offers a unique investment opportunity with two buildings totaling approximately 26,958 square feet on a 4.06-acre lot. The main building, constructed in 1992 and renovated in 2002, features 53 offices/exam rooms ranging from 121 to 363 square feet, seven restrooms, multiple kitchens/lab rooms, a vaulted reception area, an elevator, a server/IT room, and an expandable conference center. It's equipped with a sprinkler system. A second, 4,600 square foot single-story building, constructed in 1954 and renovated in 1990, is currently leased. The campus boasts 199 parking spaces and sits on a prominent 305-foot frontage along Mentor Avenue (US Route 20), offering excellent visibility. The property is zoned G-B (General Business) and enjoys a park-like setting. Its convenient location provides easy access to Lake County Executive Airport, SR 2, SR 306, and I-90, making it ideal for a variety of uses, including medical practices, corporate headquarters, sales/administrative offices, or educational facilities. The asking price is $1,950,000. Both buildings are ADA compliant.
Property profile
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Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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