3900 Pearl RdMedina, OH 44256

Property Details for 3900 Pearl Rd

Year built

1963

Lot size

2.04 AC

Property size (Sq ft)

700 SF

Property type

Industrial properties

Property subtype

Other warehouses

APN

026-06C-07-269

APU

02606C07269

Description

This exceptional investment opportunity presents three single-story commercial buildings totaling 13,380 square feet situated on a 2.04-acre lot at 3900 Pearl Rd in Medina, Ohio (APN: 02606C07269). The property, classified as Class B, offers a blend of retail and office space currently at 50% occupancy. Built in 1963 and renovated in 1996, the buildings are well-maintained and present a solid foundation for immediate income and future growth. The lease type is gross, simplifying management and providing a predictable income stream. The single tenancy structure offers streamlined operations. The property's location in Medina, Ohio, 44256, provides excellent access to a thriving community and strong consumer base. The strategic location on Pearl Road ensures high visibility and accessibility for businesses. This is an ideal opportunity for investors seeking a stable, income-producing asset with significant upside potential in a desirable Ohio market. The property's size and layout offer flexibility for a variety of uses, allowing for potential expansion or redevelopment to meet evolving market demands. The asking price is $1,500,000.

• Alternative Use

  Use

  Valuation

  Residential

  $152,376

  Hospitality

  $139,575

  Educational

  $116,125

  Medical

  $120,119

  Retail

  $180,639

Location Insight

City

Medina

County

Medina

State

Ohio

Latitude

41.1687

Longitude

-81.8625

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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