3070 Medina RdMedina, OH 44256

Property Details for 3070 Medina Rd

Year built

2017

Lot size

2.26 AC

Property size (Sq ft)

6,047 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

030-11B-09-138

APU

03011B09138

Description

This exceptional retail opportunity is situated on State Route 18 in Medina, Ohio, offering unparalleled visibility and accessibility from Interstate 71. The property consists of two distinct parcels ideal for development. One parcel is a 2.5-acre outlot, perfectly suited for a standalone retail building, complementing the existing successful businesses in the development. The second parcel encompasses 11.9 acres, presenting a significant development opportunity for a larger-scale retail project. This thriving retail center already boasts a strong tenant mix, including established national brands such as Starbucks, Chipotle, and GetGo, with WetGo slated to open soon. The location benefits from high daily traffic counts due to its strategic placement near the Interstate 71 interchange, ensuring maximum exposure for any new business. This is a rare chance to secure a prominent position within a rapidly growing retail hub in Medina County. The property's location provides easy access for customers and employees alike, making it an attractive proposition for a variety of retail uses. The 2-acre land parcels offer significant potential for immediate development or long-term investment. This is an exceptional opportunity to capitalize on the robust growth and high visibility of this prime Medina location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,690,502

  6.5%

  $1,560,463

  7%

  $1,449,001

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,425,404

  Geo Method

  $1,425,404

• Alternative Use

  Use

  Valuation

  Residential

  $1,316,309

  Hospitality

  $1,205,732

  Educational

  $1,003,155

  Medical

  $1,037,655

  Retail

  $1,560,463

Location Insight

City

Medina

County

Medina

State

Ohio

Latitude

41.1356

Longitude

-81.7977

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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