Property summary
This exceptional mixed-use investment property, located at 8747 Brecksville Rd in Brecksville, Ohio (44141), presents a compelling opportunity for discerning investors. The 10,603 square foot building, constructed in 1962 and renovated in 2004, sits on a 1.35-acre lot and boasts a strong 100% occupancy rate. Currently housing four tenants – Westfield Bank, Brecksville Dermatology, Platelet Disorder Support Association, and Home Instead – this multi-tenant building offers excellent diversification and stability. The property's strong financial performance is reflected in its impressive 7.75% capitalization rate and a Net Operating Income (NOI) of $249,021, with an asking price of $3,213,174 ($303.04 per square foot). The building is a two-story structure, categorized as mixed-use, encompassing office and retail spaces. Its prime downtown Brecksville location, coupled with a robust demographic profile and high household income ($170,000), ensures consistent demand and long-term value. This is a turnkey investment opportunity with excellent building condition and anchor tenant stability, making it an ideal addition to any portfolio. The property is situated in Cuyahoga County.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Uses permitted and regulated in an R-20 District Parking areas as required and regulated in Chapter 1183 . Class A: Public and private elementary schools and religious facilities; public playgrounds and parks; recreation…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R-20 · Brecksville, OHUses permitted and regulated in an R-20 District Parking areas as required and regulated in Chapter 1183 . Class A: Public and private elementary schools and religious facilities; public playgrounds and parks; recreation…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Uses permitted and regulated in an R-20 District Parking areas as required and regulated in Chapter 1183 . Class A: Public and private elementary schools and religious facilities; public playgrounds and parks; recreation…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-20 in Brecksville, OH.
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