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11630 Chillicothe RD Chesterland, OH 44026
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Key Details
Sold Price $1,320,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 11,670 sqft
Price per Sqft $113
Subdivision Tract 1
MLS Listing ID 4497616
Sold Date 03/07/24
HOA Y/N No
Abv Grd Liv Area 11,670
Year Built 1988
Annual Tax Amount $22,880
Lot Size 6.050 Acres
Acres 6.05
Property Sub-Type Office
Property Description
Don't miss this opportunity to own a fully occupied 6 acre prime corner commercial property, in the heart of Chesterland, with plenty of room for expansion! See supplements for a list of over $225k in updates over the last 3 years as well as lease agreements and P&L's. Nothing left to do, but take in cash flow with a 9.75 Cap Rate! The building offers 11,670 sq ft and an additional outbuilding with 1,800 sq ft of warehouse space with 3 garage doors. The office building is currently divided by 3 companies, grossing approximately $15,300/month. The main building provides plenty of office space, several training/conference rooms, 2 kitchen areas, laundry, a large open meeting area with new epoxy coated floors, a back dock level loading door, and two sets of shared bathrooms. Separate entryways for all 3 businesses. Tenants are responsible for gas, electric, cable/internet, and one tenant currently pays all of trash bill. Owner responsible for property insurance, landscaping/snowplowing and any septic/well expenses. The building has magnetic keypad doors with a tracking system, and is surrounded with security cameras that stay (monitored by owner via app) and tons of new LED lights both interior and exterior. Plenty of private parking for staff and guests. Schedule a showing today!
Location
State OH
County Geauga
Rooms
Other Rooms Barn(s)
Basement None
Interior
Heating Forced Air, Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features On Site, Outside, Paved
Water Access Desc Private
Roof Type Asphalt,Fiberglass
Building
Story 1
Sewer Private Sewer
Water Private
Additional Building Barn(s)
Schools
School District West Geauga Lsd - 2807
Others
Tax ID 11-237500
Security Features Security System
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Non-Member Non-Member • Non-Member