464 Richmond RoadCleveland, OH 44143

464 Richmond RoadCleveland, OH 44143

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$1,000,000 Active
Commercial - Office MLS 5111281
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Listed By

Agency Name: Coldwell Banker Schmidt Realty
Agency Contact: reskibum@aol.com 330-998-0459

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

This well-maintained medical building is currently owned by a private physician, with their surgery center operating on-site. The owner may be interested in remaining as a tenant. Ideal for physicians looking to establish their practice in a medical space while also benefiting from property ownership as a secondary income stream. The building boasts a 70 to 80% occupancy rate, ensuring strong income potential from day one. A small music studio and a nurse training organization -majority medical occupy. Located in a rapidly developing commercial area, this property presents an excellent investment opportunity in a thriving market.

464 Richmond Road | MLS# 5111281

This commercial property located at 464 Richmond Road, Cleveland, OH 44143 is currently listed for sale with an asking price of $1,000,000. Richmond Road is located within the Richmond Heights Local school district. Search Cleveland real estate on 15ontariotrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Office
Cooling: Central Air, Multi Units
Days on Market: 339
Heating: Forced Air
Lot Size: 0.60 Acres
Taxes: $31,073 / year
Year Built: 1988

Feature Descriptions

Building Features: Elevator(s), Private Restrooms
Parcel#: 662-15-020
Parking: Asphalt, Paved
Sewer: Public Sewer
Water: Public

Local Schools

School District: Richmond Heights Local

Demographics

Cuyahoga County Demographic Information for 464 Richmond Road, Cleveland, OH 44143
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

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