216-342-3681
32901 Station St, Solon, OH for Sale
Office - FOR SALE
1/6
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32901 Station St
Solon, OH 44139


HIGHLIGHTS

  • In the heart of Solon's commercial district within walking distance of Solon Square Shopping Center, and close proximity to key retailers.
  • Well-positioned at a hard corner in close proximity to Route 422, I-480, and I-271.
  • Adjacent to the new multi-use development that will infuse the area with excitement and new sense of community in an established retail sector.
  • Unencumbered beyond 2027, 77% vacant.
  • Favorable zoning allows for retail, professional offices, restaurants, financial institutions, medical, daycare, and fitness.
  • Office building services the area's robust industrial district with internationally recognized organizations such as Nestle's and Swagelock.

OVERVIEW

Guggenheim Commercial Real Estate Group is pleased to present an opportunity to acquire a fee simple interest in Colony Square. This 29,760 SF office building is located within the commercial corridor of one of the most affluent communities in Cleveland. The property is on the highly visible hard corner of Solon Rd. and Station St. (14,000 VPD) that is less than 1/4 mi from Rte. 422. Adjacent to the site is an approved 9.5 acre, $100 million mixed use project to the south featuring 200 high-end apartments, 38,000 SF of retail, a food hall and hotel planned for the 4th quarter of 2026. Directly behind the property is a planned multi-purpose trail that offers connectivity between Solon’s commercial and retail districts. The neighboring Solon Square shopping center is home to national retailers such as Advanced Auto Parts, Chipolte, Jersey Mike’s Subs, Key Bank, Honey Baked Ham, Papa John’s Pizza, Planet Fitness, and XGolf. The property is less than a mile from Solon’s robust commercial/ industrial district, with the operations and headquarters of significant organizations such as Nestle’s, The Cleveland Clinic, Swagelok, Kichler Lighting, Tarkett Flooring, InterDesign, Epic Steel, Arrow Electronics, Hana Technologies, Zircon, Petersen Nuts and many more. In a 2-mile radius, there are 1,720 businesses with 24,737 employees. Solon has an average HH income of $136k in a 3 mile radius. Solon city schools are ranked in the top five of the state. There is a population of 1 million within a 30 minute drive of Solon. The site offers flexibility to any investor or developer. It can be re-tenanted, repurposed, or redeveloped.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Redevelopment, Value-Add Opportunity

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

C-3

APN/PARCEL ID

954-03-001

ASK ABOUT THIS PROPERTY

Barry RothchildGuggenheim Commercial Real Estate GroupMore Info
216-342-3681

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Barry RothchildGuggenheim Commercial Real Estate GroupMore Info
216-342-3681

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