2464 Medina Road

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2464 Medina Road

Medina, OH 44256
Asking Price
$2.30M
Asset Type
Business and Building Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail property located on Medina Road in Medina, Ohio
  • Total retail space measures 7,680 square feet
  • Includes a 2,048-square-foot residential unit available for conversion
  • Asking price for the commercial asset is $2,300,000
  • Asset type includes both the building and the business

What's Special

Medina, Ohio serves as a stable suburban hub within the Greater Cleveland metro area, benefiting from accessible regional transit corridors and a consistent local consumer base. Positioned at 2464 Medina Road, this property encompasses a 7,680-square-foot retail building alongside a 2,048-square-foot residential structure. The dual-component nature of the site allows for flexible operational configurations, including the potential conversion of the residential space into commercial use to increase total leasable footprint. Investors or owner-occupiers can leverage the prominent roadway frontage to establish or expand retail operations in a high-traffic segment of the market. This asset provides a practical opportunity to acquire a versatile facility suitable for a variety of commerce-driven enterprises requiring both storefront presence and auxiliary space for management or additional service offerings.

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NOI
$80,000
Cap Rate
3.48%
DSCR
0.59
Underwater
Cash-on-Cash
-8.20%
Monthly Payment
$11,379.145
Annual Cash Flow
$-56,549.741

Location & Travel Times