12663 Chillicothe Rd Chesterland, OH 44026-2534
Property summary
This exceptional Chesterland investment opportunity encompasses two parcels totaling 0.83 acres, strategically located adjacent to a township park. The property features a total of 3,572 square feet of space distributed across five income-generating rental units. One building houses a commercial tenant on the ground floor and a residential unit above. A second building includes a commercial tenant occupying the majority of the space, and a smaller one-bedroom residential unit. A third building, a former house, also accommodates a commercial tenant. The property is zoned for general commercial use, with two apartments grandfathered in under the current zoning. The property's convenient location and diverse income streams make it an attractive investment prospect. Note that the property shares a well and has two separate sewer charges, one for each address. This presents a unique opportunity for an investor seeking a diversified portfolio with immediate cash flow and potential for future development or expansion given the general commercial zoning. The existing tenants provide a stable income base, while the location near the park offers significant appeal. The property's size and configuration offer flexibility for a variety of uses and future development plans. This is a rare opportunity to acquire a well-established mixed-use property in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Construction Company General Contractor
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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