20914 Ctr Rdg Rd Rocky River, OH 44116
- Warehouses
- 3,835 SF
- 0.62 lot acres
Jul 29, 2021
Current Use by Public Records
- Warehouses
Property Details for 20914 Ctr Rdg Rd
- Year built
- 1954
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.62 lot acres
- Property size
- 3,835 SF
- Zone code
- LB
- Property type
- Warehouses
- APN
- 304-07-003
- APU
- 30407003
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rocky River
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.8515
- Latitude
- 41.4625
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
