402 S Elmwood Ave - Retail FOR SALE


Medina, OH 44256
$825,000 USD
330-940-9360
402 S Elmwood Ave, Medina, OH for Sale
$825,000 USD
Retail - FOR SALE
1/12
null | Request Cap Rate

402 S Elmwood Ave
Medina, OH 44256


HIGHLIGHTS

  • Tax abatement
  • New Construction
  • 20’ ceiling height
  • 12’W X 14’H glass drive in door
  • Second floor loft that has office and kitchen space
  • Within walking distance to all downtown restaurants, bars and shops

OVERVIEW

Introducing 402 S Elmwood Ave, a premier commercial opportunity perfectly positioned in the heart of Downtown Medina. This newly constructed 2,622 SF flex/retail building offers exceptional visibility, modern amenities, and walkable access to the city’s thriving restaurant, retail, and entertainment district. Zoned C-2, this property supports a wide range of commercial uses such as retail, restaurant, office, studio, service business, and more. The building features an impressive 20’ ceiling height, a 12’W x 14’H glass drive-in door, and a second-floor loft area that can function as private office space, breakroom, or storage. The building also features two restrooms and a clean, open layout making the space adaptable and ready for customization. Another major advantage of this property is the existing tax abatement, offering significant savings for an owner-user or investor. With its prime downtown location, strong foot traffic, and modern construction, this property provides an outstanding opportunity for an owner-user or investor looking to establish a presence in one of Northeast Ohio’s most desirable and fast-growing commercial corridors. Lease Option Note: Tenant is responsible for utilities, insurance and taxes.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$315 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

C-2

APN/PARCEL ID

028-19C-05-170

ASK ABOUT THIS PROPERTY

Teigan CookHoff & Leigh Commercial Real EstateMore Info
330-940-9360

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Teigan CookHoff & Leigh Commercial Real EstateMore Info
330-940-9360

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