429 Front St Berea, OH 44017
- Office Properties & Spaces
- 3,844 SF
Current Use by Public Records
- Bontempo John / Social Worker
- Hamm Foot and Ankle / Medical Clinic / Podiatrist
- Nicely Barbara a PhD / Psychologist
- Klemperer Fritz / Psychologist
- Paradisial Healing / Health Consultant / Spiritist Center
Property Details for 429 Front St
- Property size
- 3,844 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This attractive, freestanding medical office building in Berea, Ohio, offers 3,844 square feet of space. The first floor is currently open, presenting a significant opportunity for an owner-user. The second floor is leased to a tenant under a gross lease until December 2025, generating a monthly income of $1,500. The building is zoned for Office/Medical/Retail use and boasts excellent surface parking. Its prime location offers high visibility with street signage and convenient access to I-71, I-480, and Cleveland Hopkins Airport. The asking price is $399,000, representing a compelling $103.80 per square foot and a 9% cap rate based on current occupancy. The property features two units, with the second floor currently 50% occupied. Net rentable space totals 1,942 square feet. This sale/leaseback opportunity provides immediate income potential and significant upside for a savvy investor or owner-user. The address is 429 Front St, Berea, OH 44017.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Berea
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.8534
- Latitude
- 41.3771
