887 W Liberty St Medina, OH 44256
- Auto shops
- 7,320 SF
- 1.38 lot acres
Current Use by Public Records
- BVIP Limousine Service / Limousine Service / Airport Shuttle Service
Property Details for 887 W Liberty St
- Year built
- 1987
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.38 lot acres
- Property size
- 7,320 SF
- Property type
- Auto shops
- APN
- 029-19A-19-008
- APU
- 02919A19008
Description
This exceptional 1.38-acre industrial property located at 887 W Liberty Street, Medina, OH, presents a unique investment opportunity. Priced at $1,500,000, the offering includes both the real estate and an established, profitable limousine business. The property's strategic location, just one mile from Medina Square, provides excellent visibility and accessibility. The substantial lot size offers ample space for operations and potential expansion. A key feature is the industrial building's high-clearance garage bays, boasting ceiling heights ranging from 22 to 24 feet. This significant height is ideal for accommodating various vehicles and equipment commonly associated with a limousine service or similar businesses. The sale includes both the land and the existing, successful limousine company, presenting a turnkey opportunity for an investor seeking immediate revenue generation. The property's combination of prime location, substantial lot size, and high-clearance garage bays makes it an attractive proposition for a wide range of potential buyers. Serious inquiries are encouraged to explore this exceptional opportunity further. Detailed financial information regarding the limousine business is available upon request. This is a rare chance to acquire a well-established business and a strategically located industrial property in a thriving Medina community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $420,000
- 6.5%
- $390,000
- 7%
- $370,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $335,000
- Mixed-Use
- $370,000
- Hospitality
- $310,000
- Educational
- $325,000
- Residential Income
- $305,000
- Energy
- $355,000
- Income-Based Land
- $370,000
- Food Service
- $370,000
Location Insight
- Map
- Local Demand
- City
- Medina
- County
- Medina
- State
- Ohio
- Longitude
- -81.8852
- Latitude
- 41.1418
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
