999 Lafayette Rd, Medina, OH 44256
For Sale
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This exceptional commercial property, located at 999 Lafayette Rd in Medina, Ohio, presents a unique investment opportunity. The 1.96-acre corner lot boasts two buildings totaling 7,200 square feet, offering versatile space for a variety of businesses. The larger building features a recently renovated 2,320 square foot retail/showroom space with five private offices and two restrooms. A lower-level 2,320 square foot shop includes an 8' x 8' grade-level door, ramp access, and a floor drain, ideal for repair and service operations. A separate 2,560 square foot cold storage warehouse is equipped with three 12' x 12' grade-level doors and a dock. The property benefits from two access points, 158 feet of frontage on Lafayette Road and 354 feet on Lake Road, ensuring high visibility and accessibility. Zoned C-3 General Commercial, permitted uses include motor vehicle sales/repair, office space, restaurants, and more, with conditional permits for additional uses such as car washes and drive-thrus. The property enjoys a high traffic count of approximately 15,485 vehicles daily. Single-phase, 110/220V, 200-amp power is available. The 2023 property taxes were $4,336.24. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving Medina County market. Asking price is $695,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.