For Sale
$1,550,000

20914 Center Ridge RdRocky River, OH 44116

Prime Restaurant/Storefront, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 3,835-square-foot retail property, located at 20914 Center Ridge Rd in Rocky River, Ohio, presents a unique investment opportunity. Currently vacant, this freestanding building offers significant potential for a variety of businesses. Situated in a thriving shopping district directly across from Westgate Mall, the property benefits from high visibility and substantial foot traffic. The building, constructed in 1954, features a newly installed roof and a full basement, offering ample storage or potential for subleasing. The 0.62-acre lot ensures ample space and parking. Rocky River boasts a highly desirable demographic, with a median home value exceeding $300,000 and a median household income surpassing $90,000—significantly higher than county averages. This prime location is ideal for restaurants, boutiques, or other high-end retail establishments seeking to establish a presence in an affluent community. The asking price is $1,550,000, representing a 4.00% cap rate and a price per square foot of $404.17. This is a NNN lease property. The unique design ensures high visibility, making it an attractive option for businesses seeking maximum exposure. This property offers a rare chance to capitalize on a strong market and establish a successful enterprise in a prime location.

Highlights

  • 3,835 SF retail building in Rocky River, OH, currently vacant.
  • High-visibility location across from Westgate Mall in a thriving shopping district.
  • Features a newly installed roof and full basement on a 0.62-acre lot with ample parking.
  • Located in a high-income area with a median home value exceeding $300,000 and median household income over $90,000.
  • Asking price: $1,550,000, representing a 4.00% cap rate and $404.17/SF; NNN lease.

Property Details for 20914 Center Ridge Rd

Property type
Retail properties, Restaurants
Square Feet
3,835 SF
Year Built
1954
Lot Size (sq. ft)
27,007 SF

Location Insight

City
Rocky River
County
Cuyahoga
State
Ohio
Latitude
41.4624949
Longitude
-81.8514779
20914 Center Ridge Rd, Rocky River, Ohio

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20914 Center Ridge Rd
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