22735 Rockside RdBedford, OH 44146

Property Details for 22735 Rockside Rd

Year built

1994

Lot size

9.13 AC

Property size (Sq ft)

119,569 SF

Zone code

B3

Property type

Retail properties

Property subtype

Outlet malls

APN

813-04-061

APU

81304061

Description

This exceptional 9.13-acre commercial land parcel presents a remarkable investment opportunity in Bedford, Ohio. Located at 22735 Rockside Rd, within the thriving Meadowbrook Market Square, this fully improved property boasts a General Retail zoning designation, ideal for a wide range of commercial developments. The site benefits from excellent visibility and high traffic counts due to its strategic position at the intersection of Rockside and Northfield Roads. Further enhancing its appeal is the proximity to a newly constructed Honda car dealership on Rockside Road, indicating a robust and expanding commercial landscape. The property's APN is 813-04-061, and its location in Cuyahoga County, Ohio, zip code 44146 (latitude 41.4060984, longitude -81.5257303), offers easy access to major transportation routes and a strong consumer base. This is a rare chance to acquire a significant land holding in a rapidly growing area, poised for substantial future development and return on investment. The asking price for this exceptional property is $1,300,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $31,620,366

  6.5%

  $29,188,030

  7%

  $27,103,172

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,184,900

  Geo Method

  $28,184,900

• Alternative Use

  Use

  Valuation

  Residential

  $24,621,196

  Hospitality

  $22,552,884

  Educational

  $18,763,734

  Medical

  $19,409,048

  Retail

  $29,188,030

Location Insight

City

Bedford

County

Cuyahoga

State

Ohio

Latitude

41.4065

Longitude

-81.5257

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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