Property Description: 402 South Elmwood a unique new office/retail building for sale just southwest of Medina Square. It is a 2,660 SF situated on .1047 acres. Built in 2021, the ground floor of 1,976 SF is one large open room with a modern industrial feel and a glass drive-in door. It has a private restroom and a custom-made open staircase to the glass enclosed loft area. The 684 SF private loft area has three large windows, office space, kitchenette, and private restroom. Fully heated and air conditioned, LED lighting security system, and Cat6 fiber networked throughout. Asking price is $899,000.00. Property can also be leased for $6,500 per month (Double Net)
Property Location: 402 South Elmwood Avenue is located at the corner of South Elmwood Avenue and Mill Street in Medina’s South Town area. It is within easy walking distance of the Medina Square, and all of Medina’s downtown and South Town restaurant and shopping. Private parking lot has approximately seven parking spaces. Property has a 15-Year tax abatement, so owner pays only the tax on the land for the first 10 years and 20 % annual increase for the last five years.