Property summary
This 7,740 square foot multi-tenant office building in Strongsville, Ohio, presents a unique investment opportunity. Priced at $799,000 ($103.23/SF), the property boasts a desirable location, situated on 0.79 acres, 1.2 miles south of the Royalton Road and Pearl Road intersection, adjacent to St. John Neumann Catholic Church and across from Marc's grocery store. The building features approximately 133 parking spaces and is conveniently located 3.5 miles from the I-71 interchange. Built in 1983, the property includes a newer roof (8 years old), five furnaces, and five AC condenser units. The building is currently divided into three pods, offering diverse tenancy. Pod 1 houses Whispering Pines Nature Spa, Wishful Blinking, and Real Estate Excellence Group LLC. Pod 2, a 2,160 square foot suite currently occupied by an orthodontics practice, is available and ideally suited for dental or orthodontic use, featuring a reception area, six dental chairs, labs, and a kitchenette. Pod 3 includes Prudential, Sprout Therapy LLC, and Biocore. The current annual gross income is $45,840, with the seller paying all utilities and operating expenses. The 2024 estimated real estate taxes are $20,535.94. Seller financing is available. This owner-occupied investment opportunity offers potential for strong returns. The existing tenants provide a stable income stream, potentially offsetting operating expenses and mortgage payments.
Property profile
VerifiedCap rate & NOI
Current use
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Dental Office
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Dental Office
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Financial Advisor
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HVAC Service General Contractor
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Real Estate Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Buildings and land shall be used, and buildings shall be designed, erected, altered, moved or maintained in whole or in part, in General Business Districts
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
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GB · Strongsville, OHBuildings and land shall be used, and buildings shall be designed, erected, altered, moved or maintained in whole or in part, in General Business Districts
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Buildings and land shall be used, and buildings shall be designed, erected, altered, moved or maintained in whole or in part, in General Business Districts
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GB in Strongsville, OH.
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Find the owner behind the property.
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