30760 Center Ridge RdWestlake, OH 44145

Property Details for 30760 Center Ridge Rd

Year built

1853

Lot size

1.97 AC

Property size (Sq ft)

1,990 SF

Zone code

GB

Property type

Car washes

APN

217-07-006

APU

21707006

Description

This exceptional 3.8-acre commercial and residential land parcel presents a unique development opportunity in the highly desirable Westlake, Ohio market. Located at the prominent intersection of Center Ridge Road and Bradley Road, this fee-simple property boasts excellent visibility and frontage on both major thoroughfares. The General Business (GB) zoning allows for a wide range of development possibilities, catering to both commercial and residential uses. Its strategic location offers immediate adjacency to the Cleveland Metroparks Bradley Woods Reservation, a 795-acre park providing a stunning natural backdrop and recreational opportunities. This prime location benefits from proximity to numerous businesses, healthcare facilities, retail centers (Crocker Park & The Promenade), recreational amenities, and highly-rated Westlake schools. The property's convenient access to I-90 provides a quick commute to downtown Cleveland, while Cleveland Hopkins International Airport is only a short drive away. This is one of the last remaining corner development sites in Westlake, making it an exceptional investment opportunity with significant potential for future growth and high return. The APN is 217-16-005. The asking price is $1,650,000. This property offers unparalleled potential for developers seeking a high-profile location in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $526,261

  6.5%

  $485,780

  7%

  $451,081

• Comparable approach

  Method

  Valuation

  Relative Method

  $469,084

  Geo Method

  $469,084

• Alternative Use

  Use

  Valuation

  Residential

  $409,773

  Hospitality

  $375,350

  Educational

  $312,287

  Medical

  $323,027

  Retail

  $485,780

Location Insight

City

Westlake

County

Cuyahoga

State

Ohio

Latitude

41.4235

Longitude

-81.9612

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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