32700 Center Ridge RdNorth Ridgeville, OH 44039

Property Details for 32700 Center Ridge Rd

Year built

1970

Lot size

0.86 AC

Property size (Sq ft)

1,826 SF

Property type

Retail properties

Property subtype

Gas stations

APN

07-00-005-102-001

APU

700005102001

Description

This exceptional business opportunity presents a well-maintained convenience store and gas station ideally situated on Center Ridge Road in North Ridgeville, Ohio. Boasting high visibility and easy access at a signalized intersection, this property benefits from strong traffic counts of 16,915 vehicles per day. The 1,826 square foot building sits on a 0.86-acre lot with 187 feet of frontage on Center Ridge Road. The property includes a canopy with four island fuel pumps and two fuel tanks (12,000 and 6,000 gallons). The permitted zoning is B3, Highway Commercial District, and Auto Service Station (APN: 0700005102001). Its convenient location is less than five miles from major shopping centers, including Avon Commons, Crocker Park, and Great Northern Mall, ensuring a consistent customer base. This turnkey operation is in excellent condition and presents a compelling investment opportunity for an owner/user. The property's strong location, combined with its existing infrastructure and high traffic volume, makes it an attractive proposition for a savvy investor seeking a profitable and established business. This is a rare opportunity to acquire a thriving business in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $482,891

  6.5%

  $445,746

  7%

  $413,907

• Comparable approach

  Method

  Valuation

  Relative Method

  $430,426

  Geo Method

  $430,426

• Alternative Use

  Use

  Valuation

  Residential

  $376,003

  Hospitality

  $344,417

  Educational

  $286,551

  Medical

  $296,406

  Retail

  $445,746

Location Insight

City

North Ridgeville

County

Lorain

State

Ohio

Latitude

41.4076

Longitude

-81.9804

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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