2770 Som Ctr Rd, Willoughby Hills, OH 44094
This exceptional investment opportunity presents a two-building medical office complex totaling 16,000 square feet situated on a 1.76-acre lot in Willoughby Hills, Ohio. The property, located at 2770 SOM Center Road at the intersection of SOM Center Road and Route 6, boasts a prime location and convenient access. Building 1, a fully built-out medical office, features a reception area with a windowed front desk, six exam rooms, a fully equipped procedure room, a recovery room, break room, offices, a conference room, and a three-car attached garage. This building will be vacant upon sale, providing immediate opportunity for a new tenant or owner-occupancy. Building 2 is currently 100% occupied by two tenants, offering immediate rental income. Both buildings benefit from a large paved parking lot providing ample parking for all occupants and visitors, with additional paved spaces located at the rear of the buildings. The property was built in 1980 and underwent renovations in 2005. It is classified as Class A and zoned B-2. The property features two one-story buildings and has a Lake County APN of 31A006F000180. This property offers a unique blend of immediate income potential and future development possibilities. The combination of a vacant, fully equipped medical office building and a fully occupied building makes this an attractive investment for both medical professionals and real estate investors.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.