249 Rocky River DrBerea, OH 44017

Property Details for 249 Rocky River Dr

Year built

1966

Construction

WOOD

Lot size

0.36 AC

Property size (Sq ft)

3,108 SF

Zone code

G

Property type

Retail properties

Property subtype

Retail space

APN

364-02-002

APU

36402002

Description

This exceptional 0.83-acre commercial land parcel is strategically located at 249 N Rocky River Drive in Berea, Ohio, 44017, within Cuyahoga County. The property boasts a prime location, caddy-corner to a CVS, and benefits from exceptionally high traffic counts. Ohio Department of Transportation data reveals 25,209 vehicles per day (VPD) on Bagley Road and 15,725 VPD on Rocky River Drive, ensuring significant visibility and accessibility for any development. The lot dimensions measure approximately 199 feet by 219 feet. It's zoned as Commercial Center District, allowing for a wide range of commercial uses. The area is densely populated, with a daytime population of 56,274 people within a 3-mile radius. Surrounding businesses include a diverse mix of established retailers and restaurants, such as Giant Eagle, Marcs, Pet Valu, Dollar Tree, AutoZone, Dollar General, McDonald's, and Arby's, creating a vibrant and thriving commercial environment. This property presents a unique opportunity for investors and developers seeking a high-visibility location with excellent access and strong surrounding demographics. The asking price for this exceptional site is $475,000.

• CAP approach

  CAP return

  Valuation

  6%

  $821,920

  6.5%

  $758,695

  7%

  $704,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $732,620

  Geo Method

  $732,620

• Alternative Use

  Use

  Valuation

  Residential

  $639,988

  Hospitality

  $586,225

  Educational

  $487,732

  Medical

  $504,506

  Retail

  $758,695

Location Insight

City

Berea

County

Cuyahoga

State

Ohio

Latitude

41.3727

Longitude

-81.8615

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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