8389 Mayfield Rd Chesterland, OH 44026-2565
- Strip malls
- 35,680 SF
- 5.71 lot acres
Current Use by Public Records
- Chesterland News / Newspaper Publisher
- Vino_Type / Wine Store / Wine Bar
- Jason Durica: Allstate Insurance / Life Insurance Agency / Motorcycle Insurance Agency
- Body Sculpting, Inc. / Fitness Center
- Sunshine Yoga / Yoga Studio
Property Details for 8389 Mayfield Rd
- Year built
- 1985
- Lot size
- 5.71 lot acres
- Property size
- 35,680 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 11-010119
- APU
- 11010119
Description
This exceptional 2,400 square foot retail space is situated within the thriving Maywood Centre shopping center in Chesterland, Ohio. Located at 8389 Mayfield Road, this property boasts a prime location, just a quarter-mile west of SR 306 and five miles east of I-271, ensuring high visibility and convenient access for customers. The center itself has a strong history of high occupancy, evidenced by its established tenant base including First National Bank, Colonial Wine & Beverage, Danny Boy's Restaurant, TNT Tanning, Allstate Insurance, and Great Lakes Outdoor Supply. The property sits on a sizable 5.71-acre lot and is housed within a single-story, Class B building constructed in 1985. While the exact number of suites is not specified, this listing represents one available space. The property is zoned C and has the APN 11-010119 within Geauga County. This presents a unique opportunity for a business seeking a well-established location within a successful shopping center. The property's convenient location and strong tenant mix make it an ideal investment for a variety of retail businesses. Further details regarding parking are unavailable at this time. This is a single-building property. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $625,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $835,000
- 6.5%
- $865,000
- 7%
- $770,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $775,000
- Geo Method
- $810,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $735,000
- Retail
- $800,000
- Mixed-Use
- $835,000
- Hospitality
- $900,000
- Educational
- $790,000
- Residential Income
- $850,000
- Energy
- $870,000
- Income-Based Land
- $910,000
- Food Service
- $755,000
Location Insight
- Map
- Local Demand
- City
- Chesterland
- County
- Geauga
- State
- Ohio
- Longitude
- -81.3431
- Latitude
- 41.5213
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
