214 Park St Chardon, OH 44024
- Office buildings
- 1,808 SF
- 0.18 lot acres
Current Use by Public Records
- Office buildings
Property Details for 214 Park St
- Year built
- 1865
- Construction
- FRAME
- Lot size
- 0.18 lot acres
- Property size
- 1,808 SF
- Property type
- Office buildings
- APN
- 10-143900
- APU
- 10143900
Description
This exceptional 1,808 square foot, two-story office building enjoys unparalleled visibility on Chardon Square. Previously utilized as law offices and a title company, the property boasts updated offices throughout, a convenient kitchenette, and two bathrooms. A welcoming front entry porch and a rear deck provide both professional and relaxed spaces. A dedicated conference room facilitates meetings and presentations. The full basement houses updated mechanical systems, ensuring efficient and reliable operation. Ample paved parking is provided, accessible directly from the Square with an additional exit onto North Hambden Street. The sale includes both the building and the adjacent parking lot, encompassing a 0.43-acre lot. This is a rare opportunity to acquire a prominent, free-standing property in the heart of Chardon Square, directly across from the new courthouse addition. The C-2 zoning (Chardon Square Mixed Use District) allows for flexible usage, with the first floor suitable for office or retail space, and the second floor adaptable for residential or office/retail purposes. Owners can participate in the vibrant "On the Square" community events. The asking price is $319,900. This property presents a unique investment opportunity in a thriving downtown location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $240,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $235,000
- Geo Method
- $265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $265,000
- Retail
- $200,000
- Mixed-Use
- $225,000
- Hospitality
- $200,000
- Educational
- $205,000
- Residential Income
- $275,000
- Energy
- $275,000
- Income-Based Land
- $210,000
- Food Service
- $215,000
Location Insight
- Map
- Local Demand
- City
- Chardon
- County
- Geauga
- State
- Ohio
- Longitude
- -81.2025
- Latitude
- 41.5832
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA