32875 Solon Rd - Medical FOR SALE


Solon, OH 44139
$3,500,000 USD
216-387-3204
32875 Solon Rd, Solon, OH for Sale
$3,500,000 USD
Medical - FOR SALE
1/32
null | 6.64% Cap Rate

32875 Solon Rd
Solon, OH 44139


HIGHLIGHTS

  • Anchored by Apex Dermatology since 2013 — 15-location regional dermatology practice
  • Approx 8,197 SF available for owner occupancy following anchor departure
  • Immediate rental income from established medical tenant offsets carrying costs
  • Building shell supports future second-floor buildout for long-term expansion
  • Health Care is Solon's largest employment sector at 2,429 employees
  • 25 bath fixtures & package HVAC — infrastructure suited to multi-suite medical use

OVERVIEW

Rare owner-occupant opportunity in Solon: 13,480 SF medical & professional office building anchored by Apex Dermatology, one of NE Ohio's largest dermatology practices w/ 15 regional locations. Apex since 2013, providing long-term credit-quality anchor & immediate rental income to offset carrying costs. Approx 8,197 SF available for owner occupancy following KW's departure — ideal for medical, dental, therapy, or professional user seeking to occupy their own building while collecting income from an established medical tenant. Existing build-out: approximately 14 private offices in varying sizes, one large conference/training room, reception, central open workspace w/ multiple workstations, kitchen, copy room, & multiple storage rooms. Flexible configuration suitable for build-out to accommodate medical, professional, or corporate uses. Expansion potential: shell & structural capacity support future second-floor buildout, offering meaningful long-term expansion capability. Single-story Class B, renovated 2010, on 1.183 acres w/ 170 ft frontage on Solon Rd & prominent monument signage. 66 parking spaces (4.85 per 1,000 SF) support medical use w/ strong patient & staff capacity. 25 bath fixtures, package HVAC, & public utilities — infrastructure suited to multi-suite medical or professional use. Direct access to Solon Rd, Bainbridge Rd, & Aurora Rd (37,339 combined VPD), w/ US-422 under 1 mile north (72,015 VPD) connecting to I-271 & I-480. Cleveland Hopkins Airport 21 mi west, Downtown Cleveland 18 mi northwest. One of NE Ohio's premier suburban submarkets. Solon median HHI 139,089 dollars, avg HHI 186,473 dollars (Census 2024). Health Care & Social Assistance is Solon's largest employment sector at 2,429 employees. Surrounded by major employers: Swagelok, Nestle, Cleveland Clinic Solon, CVS Caremark, Pentair, & MRI Software.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$257 USD /SF

CAP RATE

6.64%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

U-5, Solon

APN/PARCEL ID

952-18-007

ASK ABOUT THIS PROPERTY

Linas MuliolisCentury 21 CommercialMore Info
216-387-3204

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Linas MuliolisCentury 21 CommercialMore Info
216-387-3204

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.