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    18315 Southpark Ctr Strongsville, OH 44136

    For Lease
    Contact for pricing

    Prime Retail Land, High Traffic Area

    Lot size:
    24,829 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 0.57-acre outparcel presents a rare investment opportunity in the thriving Southpark Commons. Located on Royalton Road (SR 82), this site boasts excellent visibility with over 48,470 vehicles passing daily and convenient access to I-71. The property is ideally situated adjacent to SouthPark Mall and across from the new Royalton Collection, home to Foundation Software's headquarters employing 350 people. This strong regional trade area offers compelling demographics, including an average household income exceeding $134,000 within a 3-mile radius. The site is perfect for food-related businesses; however, any building constructed cannot surpass 3,600 square feet. This high-traffic location offers significant potential for a variety of retail uses and benefits from the presence of established co-tenants such as DSW, Michael's, OrangeTheory, Spavia, The Rail, CoreLife Eatery, and Brown Aveda Institute. The property's signalized access ensures convenient ingress and egress, maximizing visibility and accessibility for customers. This is a truly unique opportunity to establish a presence in a vibrant and rapidly growing commercial area. The single-tenant nature of the land provides flexibility for development and customization.

    Property Features for 18315 Southpark Ctr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,829 SF

    Unit(s) available at that property

    Space
    Size
    24,829 SF

    HighLights

    • Rare 0.57‑acre outparcel with signalized access off Royalton Road (SR 82).
    • Food users limited to 3,600 SF building maximum.
    • Strong demographics: $134,000+ average household income within 3 miles.
    • High visibility: 48,470+ vehicles per day, minutes from I‑71.
    • Prime location near SouthPark Mall and Royalton Collection (including Foundation Software HQ).
    • Strong tenant mix including DSW, Michael's, OrangeTheory, Spavia, The Rail, CoreLife Eatery, and Brown Aveda Institute.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Strongsville
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8259235
    Latitude
    41.3118091

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    FAQs

    What type of property is this?
    Land - Prime Retail Land, High Traffic Area
    Where is this land located?
    The property is located at 18315 Southpark Ctr Strongsville, OH.
    What are key features of this property?
    This property features: Rare 0.57-acre outparcel with signalized access off Royalton Road (SR 82).; Food users limited to 3,600 SF building maximum.; Strong demographics: $134,000+ average household income within 3 miles.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18315 Southpark Ctr Strongsville, OH 44136
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