1053 Pearl RdMedina, OH 44256

For Sale
$5,350,000

16-acre prime development site in Medina, OH

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 16-acre development opportunity is situated along Medina's bustling Pearl Road retail corridor in Medina County, Ohio (zip code 44256). The property, located at 1053 Pearl Rd, offers a unique chance to build upon an already established and thriving commercial area. Pads ranging from one to sixteen acres are available, providing flexibility for various development scenarios, including ground leases, multi-tenant build-to-suit projects, or freestanding developments. The site benefits from its strategic location directly across from a future Meijer and in close proximity to major retailers such as Walmart, Target, and Home Depot, ensuring high visibility and significant foot traffic. The surrounding area also boasts a diverse range of established restaurants, including Chick-fil-A, First Watch, City BBQ, Panera Bread, and Starbucks, further enhancing the site's appeal. Medina is a prosperous community, with average household incomes exceeding $119,000 within a five-mile radius, and a population reach of over 86,000. Conceptual site plans illustrating multiple development possibilities are available. The asking price for this remarkable opportunity is $5,350,000. This property is zoned for Gas Station, Grocery Store, and QSR/Fast Food uses.

Highlights

  • 16-acre development site on Medina's Pearl Road retail corridor.
  • Divisible pads from 1 to 16 acres, suitable for ground leases, multi-tenant, or freestanding build-to-suits.
  • Prime location across from a future Meijer, adjacent to Walmart, Target, Home Depot, and other major retailers.
  • Strong restaurant synergy with nearby Chick-fil-A, First Watch, and other popular eateries.
  • Serves a large trade area from Medina County's affluent community.
  • High average household income exceeding $119,056 within a 5-mile radius.

Property Details for 1053 Pearl Rd

Property type
Other specialty properties, Other retail properties
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Medina
County
Medina
State
Ohio
Latitude
41.1524413
Longitude
-81.8631302
1053 Pearl Rd, Medina, Ohio

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1053 Pearl Rd
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