17406 Royalton Rd Strongsville, OH 44136
- Medical offices
- 20,260 SF
- 2.67 lot acres
Current Use by Public Records
- Medical offices
Property Details for 17406 Royalton Rd
- Year built
- 1983
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.67 lot acres
- Property size
- 20,260 SF
- Zone code
- PF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 396-12-028
- APU
- 39612028
Description
This exceptional 21,960 square foot medical and traditional office building, constructed in 1983 and renovated in 2014, presents a unique opportunity in Strongsville, Ohio. Situated on 2.67 acres of land with a General Business (GB) zoning designation (APN: 396-12-028), this single-building property boasts high visibility on Royalton Road (Route 82), less than a mile from I-71 and the Ohio Turnpike, ensuring excellent highway accessibility. The building features four suites, with a minimum divisible space of 3,500 square feet and a maximum contiguous space of 6,700 square feet currently available. Amenities include an elevator, ample parking for convenient patient drop-off, and excellent signage opportunities, including facade and monument signage. The interior features multiple offices, a draw laboratory, x-ray room, break room, IT room, multiple private bathrooms, and a separate waiting area. The property benefits from its location across from South Park Mall and adjacent to new developments including HomeGoods and Panera Bread, providing abundant nearby restaurants and shopping. The well-maintained property includes renovated common areas, new exterior lighting, and improved landscaping. Tenant improvement packages are available to qualified tenants. This is a truly exceptional opportunity to establish a thriving practice in a high-traffic, highly visible location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $915,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,015,000
- 6.5%
- $1,040,000
- 7%
- $1,050,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $960,000
- Geo Method
- $910,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,000,000
- Retail
- $1,050,000
- Mixed-Use
- $840,000
- Hospitality
- $1,040,000
- Educational
- $865,000
- Residential Income
- $1,090,000
- Energy
- $830,000
- Income-Based Land
- $1,070,000
- Food Service
- $940,000
Location Insight
- Map
- Local Demand
- City
- Strongsville
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.8226
- Latitude
- 41.3137
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
