12797 Mayfield Rd Chardon, OH 44024
- Strip malls
- 16,992 SF
- 2.01 lot acres
Current Use by Public Records
- Strip malls
Property Details for 12797 Mayfield Rd
- Year built
- 1962
- Lot size
- 2.01 lot acres
- Property size
- 16,992 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 13-002900
- APU
- 13002900
Description
Claridon Plaza, located at 12797 Mayfield Road, offers exceptional retail space for lease. This Class B property, encompassing 16,922 square feet on a 2.01-acre lot, is undergoing a significant renovation under new ownership. Improvements include a completely new parking lot, updated roofs, a refurbished canopy, and a comprehensive interior unit renovation designed to elevate the space to Class A standards. The property features multiple tenancies, with flexible space options ranging from a minimum of 500 square feet to a maximum contiguous space of 16,500 square feet. Currently, there are units available ranging from 1,000 to 8,000 square feet, ideal for a variety of retail businesses. The property's adaptability makes it suitable for a wide range of tenants seeking flexible and modern retail space. The absence of elevators should be noted. This revitalized plaza presents a unique opportunity for businesses seeking a high-visibility location with ample parking and updated amenities. The extensive renovations ensure a modern and attractive environment for both tenants and customers. Contact us today to learn more about leasing opportunities and explore how this prime retail space can benefit your business.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $635,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $585,000
- 6.5%
- $520,000
- 7%
- $505,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $595,000
- Geo Method
- $630,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $495,000
- Retail
- $525,000
- Mixed-Use
- $560,000
- Hospitality
- $540,000
- Educational
- $455,000
- Residential Income
- $515,000
- Energy
- $510,000
- Income-Based Land
- $540,000
- Food Service
- $505,000
Location Insight
- Map
- Local Demand
- City
- Chardon
- County
- Geauga
- State
- Ohio
- Longitude
- -81.1804
- Latitude
- 41.5334
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA