13901 Ridge RdNorth Royalton, OH 44133

Property Details for 13901 Ridge Rd

Year built

1980

Construction

TYPE NOT SPECIFIED

Lot size

0.73 AC

Property size (Sq ft)

7,084 SF

Zone code

TCD

Property type

Retail properties

Property subtype

Banks

APN

488-06-019

APU

48806019

Description

This exceptional retail opportunity is located at 13901 Ridge Road in North Royalton, Ohio, 44133. The property, situated on a 0.732-acre lot, features a two-story, single-tenant building constructed in 1980. Zoned TCD, this property offers two available suites. Suite #202, approximately 1600 square feet, boasts a spacious open area (400 sq ft), three private offices, a kitchen area, a restroom, storage space, and abundant natural light. Recent upgrades include new vinyl plank flooring, fresh paint, and an improved kitchenette. Suite #201 comprises approximately 500 square feet and includes built-in cubicles and a kitchenette. New flooring and paint will be installed in Suite #201 based on lease terms and tenant preferences. Two restrooms are conveniently located in the common area. Tenants are responsible for rent, interior suite cleaning, and 25% of quarterly operating expenses, which encompass utilities. The property is conveniently located just north of Route 82, offering excellent visibility and accessibility. The APN is 48806019, and the Cuyahoga County location provides access to a thriving community. This property presents a unique opportunity for businesses seeking a well-maintained and conveniently located retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,980,406

  6.5%

  $1,828,067

  7%

  $1,697,491

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,669,846

  Geo Method

  $1,669,846

• Alternative Use

  Use

  Valuation

  Residential

  $1,542,043

  Hospitality

  $1,412,503

  Educational

  $1,175,186

  Medical

  $1,215,602

  Retail

  $1,828,067

Location Insight

City

North Royalton

County

Cuyahoga

State

Ohio

Latitude

41.3144

Longitude

-81.7343

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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