5164 Normandy Park Dr Medina, OH 44256
- Office buildings
- 15,000 SF
- 1.77 lot acres
Current Use by Public Records
- Howard Hanna Medina - Normandy Park Drive / Real Estate Agency / Insurance Broker
- Cooper, Adel, Vu & Associates, LPA - Medina / Estate Planning Attorney / Elder Law Attorney
- Gerspacher Real Estate Group / Real Estate Agency / Office Space Rental Agency
- The Powers Team | Howard Hanna / Real Estate Agent / Service Establishment
- The Post Newspapers / Newspaper Publisher
Property Details for 5164 Normandy Park Dr
- Year built
- 1997
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.77 lot acres
- Property size
- 15,000 SF
- Property type
- Office buildings
- APN
- 030-11B-09-134
- APU
- 03011B09134
Description
This exceptional offering presents a unique opportunity to acquire a booming bakery business, along with its accompanying real estate, in Medina, Ohio. The property encompasses a substantial 5,060 square feet, strategically located at 5164 Normandy Park Dr, 44256, within a retail plaza and including a single-family home. The asking price of $658,000 reflects a price per square foot of $130.04. The bakery itself boasts a completely remodeled interior, featuring a fully equipped and upgraded commercial kitchen. Significant improvements have been made, including the replacement of most mechanicals and HVAC systems. The property benefits from excellent signage, high visibility, and ample parking. The business has demonstrated record-breaking sales over the past six months, indicating strong potential for future growth. This turnkey operation includes the business and all real estate assets, offering a rare opportunity for immediate income generation and long-term appreciation. Further details, including specific financial information, are available upon execution of a non-disclosure agreement.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $505,000
- 6.5%
- $430,000
- 7%
- $520,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $480,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $415,000
- Retail
- $510,000
- Mixed-Use
- $560,000
- Hospitality
- $560,000
- Educational
- $520,000
- Residential Income
- $565,000
- Energy
- $410,000
- Income-Based Land
- $460,000
- Food Service
- $420,000
Location Insight
- Map
- Local Demand
- City
- Medina
- County
- Medina
- State
- Ohio
- Longitude
- -81.801
- Latitude
- 41.1346
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA