700 Beta Dr Mayfield, OH 44143-2376
- Office buildings
- 80,976 SF
- 8.59 lot acres
Current Use by Public Records
- Office buildings
Property Details for 700 Beta Dr
- Year built
- 1970
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 8.59 lot acres
- Property size
- 80,976 SF
- Property type
- Office buildings
- APN
- 831-14-010
- APU
- 83114010
Description
This exceptional 23,031-square-foot Class A banquet and event center presents a unique investment opportunity in Cuyahoga County. The single-tenant property boasts multiple banquet rooms, easily configurable to accommodate events of all sizes, with a capacity exceeding 900 guests. Its strategic location offers unparalleled convenience and accessibility. The property features ample on-site parking, exceeding 300 spaces, ensuring comfortable guest parking even for the largest gatherings. The building's robust electrical infrastructure includes 480V, 3-phase, 600-amp power, capable of handling the demands of sophisticated event technology and equipment. A significant advantage is its direct connection to the Hilton Garden Inn, allowing for seamless coordination of group room blocks and providing guests with convenient lodging options. This turnkey operation is ideal for an investor seeking a high-demand, established venue in a thriving market. The property's size, amenities, and strategic location combine to create a highly desirable and profitable investment opportunity. The substantial parking capacity and robust power supply further enhance its appeal to event planners and organizers. This is a rare chance to acquire a well-established, high-capacity event center with significant growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mayfield
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.4467
- Latitude
- 41.5434
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
