Property profile

2770 Som Ctr Rd Willoughby Hills, OH 44094

OFF-MARKET
Office Spaces
16,000 SF 1.76 ac lot Built 1980
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 1980
Total area 16,000 SF
Lot 1.76 ac (76,666 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Counselor

Location

2770 Som Ctr Rd Willoughby Hills, OH 44094
Willoughby Hills metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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