20914 Ctr Rdg Rd Rocky River, OH 44116
This exceptional 3,835-square-foot retail property, located at 20914 Center Ridge Rd in Rocky River, Ohio, presents a unique investment opportunity. Currently vacant, this freestanding building offers significant potential for a variety of businesses. Situated in a thriving shopping district directly across from Westgate Mall, the property benefits from high visibility and substantial foot traffic. The building, constructed in 1954, features a newly installed roof and a full basement, offering ample storage or potential for subleasing. The 0.62-acre lot ensures ample space and parking. Rocky River boasts a highly desirable demographic, with a median home value exceeding $300,000 and a median household income surpassing $90,000—significantly higher than county averages. This prime location is ideal for restaurants, boutiques, or other high-end retail establishments seeking to establish a presence in an affluent community. The asking price is $1,550,000, representing a 4.00% cap rate and a price per square foot of $404.17. This is a NNN lease property. The unique design ensures high visibility, making it an attractive option for businesses seeking maximum exposure. This property offers a rare chance to capitalize on a strong market and establish a successful enterprise in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LB · Rocky River, OHRocky River. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.