38333 Willoughby Pkwy Wellington, OH 44090
This exceptional freestanding office and warehouse property, located at 38333 Willoughby Parkway in Willoughby, Ohio (zip code 44090), presents a unique investment opportunity. The 8,232 square foot building sits on a 0.89-acre lot and offers a versatile blend of office and warehouse space, ideal for a variety of businesses. The warehouse area encompasses approximately 7,000 square feet, featuring a 16-foot ceiling height, one loading dock, one 14-foot drive-in door, and 120 amps of 3-phase power. The office space comprises roughly 1,200 square feet, providing ample room for administrative functions. The property benefits from its strategic location, offering convenient access to major transportation arteries. It's situated near residential areas and enjoys close proximity to the Route 2 and I-90 interchange, experiencing high daily traffic volumes—71,598 vehicles on Route 2 and 78,141 on I-90. This prime location ensures excellent visibility and accessibility for employees and clients alike. The asking price for this well-maintained property is $599,000. This represents a compelling opportunity to acquire a functional and strategically located commercial property in a thriving area of Lake County, Ohio.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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