North Royalton Ohio Commercial Building 11277 State Rd 6,034 SF Vacant Retail Building North Royalton, OH 44133 $805,272 CAD ($133.46 CAD/SF)
INVESTMENT HIGHLIGHTS
- LOCATION ON MAIN STREET AND MAJOR INTERSECTION
- PRIVATE ENTRANCE TO SECOND FLOOR OFFICES
- HUGE PAVED PARKING
EXECUTIVE SUMMARY
Location... Location... Location! Highly Visible 7,028 sq. ft. Retail/Office building in the heart of popular suburban North Royalton Ohio situated at the intersection of Wallings and State Road (SR 94). Perfect for a salon/spa or retail business. There is approximately 4,500 sf. of finished retail space on the 1st floor which includes reception area, bathroom, large vaulted open areas, as well as smaller private rooms. The spacious 2,500 sq. foot 2nd floor has its own private entrance, reception lobby, four nicely finished offices and an updated bathroom. There is a paved lot in front of building with ADA parking and ramp; in addition there is a huge 30+ space concrete parking lot in the rear of the building. Total land is .66 acres (60 x 480). Overall condition is very good, but needs finishing touches on some projects that were started. So much potential to really develop this building into a thriving investment. This is a pristine location.
Agent/Broker Info
Agent/Broker Info
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$12,862
|
$2.13
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,862
|
$2.13
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,034 SF
Building Class
B
Year Built/Renovated
1940/2013
Price
$805,272 CAD
Price Per SF
$133.46 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.21
Lot Size
0.66 AC
Zoning
RETAIL TRADE - RETAIL TRADE/OFFICE.
Parking
30 Spaces (4.97 Spaces per 1,000 SF Leased)
Frontage
60’ on State Rd
PROPERTY TAXES
| Parcel Number | 488-08-008 | Total Assessment | $184,268 CAD |
| Land Assessment | $64,970 CAD | Annual Taxes | $12,862 CAD ($2.13 CAD/SF) |
| Improvements Assessment | $119,298 CAD | Tax Year | 2024 |
