4136 Pearl RdMedina, OH 44256

  • Retail properties
  • 3,435 SF
For Sale
$1,375,000 View listing

Property Details for 4136 Pearl Rd

Year built
2000
Lot size
1.20 AC
Property size (Sq ft)
3,435 SF
Property type
Retail properties
Property subtype
Turn key restaurants
APN
026-06C-12-027
APU
02606C12027

Description

This exceptional freestanding restaurant property, located at 4136 Pearl Road in Medina, Ohio, presents a compelling investment opportunity. Boasting 3,627 square feet of retail space situated on a generous 1.19-acre lot, this property is ideally positioned across from a Walmart, ensuring high visibility and substantial foot traffic. The building features a fully equipped commercial kitchen, perfect for a variety of culinary ventures, along with a 10-person bar and an inviting outdoor patio, expanding seating capacity and enhancing the dining experience. Currently configured to accommodate over 100 guests, the restaurant also includes a small waiting area. The existing tenant's lease expires October 31, 2025, and they plan to relocate within Medina, indicating strong local demand and market viability. The property is zoned as Business Intensive by Medina Township, offering flexibility for a wide range of retail uses beyond restaurant operations. This prime location, combined with its functional layout and ample space, makes this a truly remarkable opportunity for savvy investors seeking a high-return asset in a thriving Ohio market. The property's address is 4136 Pearl Rd, Medina, OH 44256. Its convenient location and existing infrastructure provide a solid foundation for immediate occupancy or future redevelopment.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $960,290
    6.5%
    $886,421
    7%
    $823,106
  • Comparable approach

    Method
    Valuation
    Relative Method
    $809,701
    Geo Method
    $809,701
  • Alternative Use

    Use
    Valuation
    Residential
    $747,730
    Hospitality
    $684,916
    Educational
    $569,842
    Medical
    $589,440
    Retail
    $886,421
4136 Pearl Rd, Medina, Ohio
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Location Insight

City
Medina
County
Medina
State
Ohio
Latitude
41.1624
Longitude
-81.8629
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,055
$107,910
$157,420
$265,330
-
$308,320
$449,780
$758,100

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