20914 Center Ridge RdRocky River, OH 44116

Property Details for 20914 Center Ridge Rd

Year built

1954

Construction

TYPE NOT SPECIFIED

Lot size

0.62 AC

Property size (Sq ft)

3,835 SF

Zone code

LB

Property type

Industrial properties

Property subtype

Other warehouses

APN

304-07-003

APU

30407003

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $789,689

  Hospitality

  $723,351

  Educational

  $601,819

  Medical

  $622,517

  Retail

  $936,163

Location Insight

City

Rocky River

County

Cuyahoga

State

Ohio

Latitude

41.4625

Longitude

-81.8515

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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