16321 Rockside RdMaple Heights, OH 44137

Property Details for 16321 Rockside Rd

Year built

1957

Construction

TYPE NOT SPECIFIED

Lot size

0.16 AC

Property size (Sq ft)

3,150 SF

Zone code

RMF

Property type

Manufacturing properties

APN

786-02-024

APU

78602024

Description

This 3,151 square foot industrial property, located at 16321 Rockside Rd, Maple Heights, OH 44137, presents a compelling value-add investment opportunity. The single-story, 1957-built building sits on a 0.16-acre lot and boasts a 12' 5" ceiling height, perfect for various uses. Renovated in 2014, the property features two drive-in doors, 400 amps of power, and ten parking spaces. Currently vacant, the property offers immediate occupancy from April 1, 2024. The asking price is $165,000, translating to $52.36 per square foot and $1,031,250 per acre for the land. Classified as Class C with a modified lease type, this flex space is zoned RMF (Zoning Provision), allowing for diverse redevelopment options including multi-family, flex-industrial, and retail uses. The property's location on Rockside Road offers high traffic counts, enhancing its potential for various commercial ventures. The building is of block construction and includes mezzanine space. This free and clear ownership opportunity is ideal for investors seeking a flexible, high-traffic location with significant redevelopment potential in Cuyahoga County. The property's features, zoning flexibility, and prime location make it an attractive investment prospect.

• Alternative Use

  Use

  Valuation

  Residential

  $648,636

  Hospitality

  $594,147

  Educational

  $494,323

  Medical

  $511,324

  Retail

  $768,948

Location Insight

City

Maple Heights

County

Cuyahoga

State

Ohio

Latitude

41.4025

Longitude

-81.5666

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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