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Restaurant/Retail Space Near Medina Square 111 W Liberty St
2,118 - 5,038 SF of Space Available in Medina, OH 44256
Highlights
- Located in the Downtown Medina Historic District
- High Daily Foot Traffic
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 2,118 SF | 8’ | 2-20 Years | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $3,530 /MO $42,360 /YR | Modified Gross | |
| 2nd Floor | 2,920 SF | 8’ | 2-20 Years | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $4,867 /MO $58,400 /YR | Modified Gross |
1st Floor
2118 SF first floor former restaurant space has two open areas and two restrooms.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as a Restaurant or Café Space
- Space In Need of Renovation
- Finished Ceilings: 8’
2nd Floor
There is 2920 SF of space on the second floor divided into three seperate sections all with a restroom and kitchen. Could be used as apartments or offices.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Live/Work Space
- Finished Ceilings: 8’
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 111 W Liberty St , Medina, OH 44256
| Property Type | Retail | Gross Leasable Area | 5,678 SF |
| Property Subtype | Restaurant | Year Built | 1900 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 5,678 SF |
| Year Built | 1900 |
About the Property
Don't miss out on this opportunity to be part of one of the most charming cities to do business in in NE Ohio! Sperry Commercial - The Masica Company is pleased to offer 5678 SF Retail/Office building just steps away from Historic Medina Square. The first floor is a former restaurant space includes green and pink neon lights and is 2118 SF with two open areas, two restrooms for redevelopment. There is another 2920 SF on the second floor divided into three separate spaces with a restroom and kitchenette in each space. This property is in a great location and ready for a new direction!
- Air Conditioning
Nearby Major Retailers
-
Steve Masica -
Michelle Masica -
SPERRY - The Masica Company
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Restaurant/Retail Space Near Medina Square | 111 W Liberty St
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