464 Richmond Rd - Medical FOR SALE


Richmond Heights, OH 44143
$1,250,000 USD
440-862-0352
464 Richmond Rd, Richmond Heights, OH for Sale
$1,250,000 USD
Medical - FOR SALE
1/13
null | 3.83% Cap Rate

464 Richmond Rd
Richmond Heights, OH 44143


OVERVIEW

This well-maintained office building is a great opportunity for an owner/user and as an investment property. There are nine suites in this building, but three are vacant. All of the leases are gross and under market lease rates. The pro forma opportunity makes this property a good investment. Currently, the owner is a practicing dermatologist. He is preparing to retire, and the practice may be available for sale. The location is prime, a corner lot, in a robust commercial area surrounded by a vibrant population. The building is masonry, includes an elevator, thermal pane window units, and a large well-maintained asphalt parking lot.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

3.83%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Fox Medical Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

Medical/Office

APN/PARCEL ID

662-15-020

ASK ABOUT THIS PROPERTY

Robin Brower, CBI, CEPAColdwell Banker Commercial SFOCMore Info
440-862-0352

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Robin Brower, CBI, CEPAColdwell Banker Commercial SFOCMore Info
440-862-0352

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