26485 Center Ridge RdWestlake, OH 44145

Property Details for 26485 Center Ridge Rd

Year built

1978

Construction

TYPE NOT SPECIFIED

Lot size

3.21 AC

Property size (Sq ft)

25,510 SF

Zone code

GB

Property type

Retail properties

Property subtype

Strip malls

APN

215-01-008

APU

21501008

Description

This exceptional retail opportunity is located at 26485 Center Ridge Rd in Cuyahoga County, Ohio. The property sits on a substantial 2.925-acre lot and features a single, one-story building constructed in 1978. Currently, one retail space is available, offering 1,750 square feet of prime, front unit, end-cap space. This presents a unique opportunity for a business seeking high visibility and accessibility. The property is zoned GB, offering flexibility for a variety of retail uses. The building itself is classified as Class C. While the exact number of suites is not specified, the available space is a significant portion of the building. The property's location and size make it an ideal choice for a business looking to establish a strong presence in a well-established area. The lease rate is negotiable, providing flexibility for potential tenants. The property's APN is 21501008. This is a rare opportunity to secure a prominent retail space in a desirable location. Don't miss out on this chance to establish your business in a high-traffic area. Inquire today for more details and to discuss lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $6,746,193

  6.5%

  $6,227,255

  7%

  $5,782,451

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,013,238

  Geo Method

  $6,013,238

• Alternative Use

  Use

  Valuation

  Residential

  $5,252,922

  Hospitality

  $4,811,649

  Educational

  $4,003,236

  Medical

  $4,140,913

  Retail

  $6,227,255

Location Insight

City

Westlake

County

Cuyahoga

State

Ohio

Latitude

41.4513

Longitude

-81.9146

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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