Technical
Financial
Distress signals
Property profile

35840 Chester Rd Ste A Avon, OH 44011

OFF-MARKET
Strip malls
Property ID
US66-6276956
41,820 SF 5.92 ac lot Built 2005
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

Chester Road Square offers a prime retail opportunity in the thriving Avon submarket of Lorain County. This multi-tenant shopping plaza boasts a total of 40,600 square feet, with currently 2,050 square feet of vacant space available for lease. The available space is highly flexible, ranging from 1,700 to 3,570 square feet, providing options for a variety of retail businesses. The plaza enjoys an exceptional location, situated just east of Chester Road and Route 83, ensuring high visibility and accessibility for customers. Its strategic placement between Lowe's/Petco and Menard's, coupled with its proximity to major retailers such as Super Walmart, Cabela's, Main Event, Ashley Furniture, Hobby Lobby, and Longhorn Steakhouse, guarantees significant foot traffic and brand synergy. This presents a unique chance to establish a presence in a bustling retail environment with strong anchor tenants and a dense customer base. The property's location within the Avon submarket cluster further enhances its appeal, offering access to a robust and growing consumer market. This is an excellent opportunity for businesses seeking high visibility and a strategic location within a successful shopping center. The available space is ready for immediate occupancy, providing a seamless transition for new tenants. Contact us today to learn more about this exceptional retail opportunity.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2005
Total area 41,820 SF
Lot 5.92 ac (257,875 SF)
APN 04-00-016-102-055
UPID US66-6276956

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Restaurant
  • Gym & Fitness Center
  • Physician

Location

35840 Chester Rd Ste A Avon, OH 44011-1240
Avon metro Census 13101 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.77M
Blend (final) Blend
$2.94M

Owner & transaction history

since 2011
6 recorded transactions
2015
Price N/A
2011
$1.0M
2007
$8.1M
2007
Price N/A
2004
$540,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $4.0M +25.3%
Medical building $3.9M +20.8%
Auto repair, garage $3.4M +6.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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