5901 Mayfield Rd, Mayfield Heights, OH 44124-2902
- Retail space
- 10,940 SF
- 1.92 lot acres
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 5901 Mayfield Rd
- Year built
- 2001
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.92 lot acres
- Zone code
- U-4
- Property type
- Retail space
- APN
- 861-09-001
- APU
- 86109001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 25, 2019 | — | Wec 2000b-01-gl-26 LLC | — | Grant Deed · related | $27.5M · Chemical Bk |
| Sep 1, 2005 | $2,875,000 | Stanley Schwartz-ohio LLC | Landes Investments 2001 | Grant Deed | — |
| Sep 19, 2003 | $2,250,000 | Investments 2001 LP Landes | Manners Investment LP | Grant Deed | — |
| Apr 19, 2002 | — | Investment LP Manners | — | Deed Of Trust · related | $3.9M · Huntington National Bank |
| — | — | Stanley Schwartz-ohio LLC | — | Loan Modification · related | $920k · Miscellaneous Ins Co |
| — | — | Stanley Schwartz-ohio LLC | — | Deed Of Trust · related | $1.1M · Miscellaneous Ins Co |
Description
This exceptional redevelopment opportunity presents 10,902 square feet of vacant retail space situated on Mayfield Road in Mayfield Heights, Ohio. The single-story building, located in Cuyahoga County, offers a unique chance to revitalize a prominent commercial location. The property consists of three suites, with a minimum divisible space of 2,555 square feet and a maximum contiguous space of 10,902 square feet, allowing for flexibility in tenant configuration. The entire building is currently vacant, providing a blank canvas for a complete renovation or adaptive reuse. Its prime location on Mayfield Road ensures high visibility and accessibility for potential businesses. The address is 5901 Mayfield Rd, Mayfield Heights, OH 44124. This property is ideal for a variety of retail concepts, offering significant potential for return on investment. The building's size and layout provide ample opportunity for creative design and tenant mix. With its strategic location and substantial square footage, this is a rare chance to acquire a significant retail presence in a thriving community. The property's single-story design offers ease of access and functionality. Serious inquiries are encouraged to explore the possibilities of this exciting redevelopment project.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,151,000
- AI Estimate
- $496,000
Market price range: $315k - $1.21MMarket price range: $178k - $496k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $700,000 Current use
- MEDICAL BUILDING
- $1,190,000 Change: +70% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,110,000 Change: +58% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $975,000 Change: +39% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $905,000 Change: +29% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $810,000 Change: +15% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mayfield Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.4661
- Latitude
- 41.5205
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
