Highway-Visible Parking Lot Development
For Sale
Contact for pricing
16651 W Sprague Rd, Strongsville, OH 44136
Partially cleared parking lot site zoned Research & Development with all utilities available and highway visibility.
Lot Size14.49 Acres
Days on Market659
Property Features for 16651 W Sprague Rd
General Information
Standard status
Active
Lot size
14.49 Acres
Property subtype
LAND
Listing Agency:
CBRE | Cleveland
(216) 363-6408
Listed By:
Fred Herrera · License #345937
(216) 363-6408
Source:
Moodyscre
Added: Oct 10, 2024
Changed: Jul 29
Last Checked: Jul 30 at 12:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Cleveland
Investment Insights
Based on property information with market context.
Existing ±1.1-acre parking lot with approximately 137 parking spaces provides an immediate use while supporting future site improvements. The site is partially cleared and positioned for development, with all utilities available on Sprague Road.
Zoned Research & Development, the property offers highway visibility for consumer-facing uses that benefit from passing traffic. The record also notes 100% RE tax abatement on new improvements for 10 years.
For buyers looking for a parking-lot-focused site with a development-ready configuration, this parcel combines an active parking presence with utilities in place and highway visibility, along with Research & Development zoning.
Zoned Research & Development, the property offers highway visibility for consumer-facing uses that benefit from passing traffic. The record also notes 100% RE tax abatement on new improvements for 10 years.
For buyers looking for a parking-lot-focused site with a development-ready configuration, this parcel combines an active parking presence with utilities in place and highway visibility, along with Research & Development zoning.
Key Highlights
- Existing ±1.1‑acre parking lot with approximately 137 parking spaces
- Zoned Research & Development
- All utilities available on Sprague Road
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44136, OH
25,890
Population
11,019
Households
2.3
Avg Household Size
45
Median Age
46%
College-Educated
94%
High-School Grad
13.5 sq mi
ZIP Area
1,918
Density / Sq Mi
$93,713
Median Household Income
$55,616
Median Earnings
$1,264
Median Rent
$271,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Partially cleared parking lot site zoned Research & Development with all utilities available and highway visibility.
Where is this parking lot & garage located?
The property is located at 16651 W Sprague Rd Strongsville, OH.
What is the asking price?
The asking price for this property is $2,173,500.
What are key features of this property?
This property features: Existing ±1.1‑acre parking lot with approximately 137 parking spaces; Zoned Research & Development; All utilities available on Sprague Road
