23569 Ctr Rdg Rd Westlake, OH 44145-3642

This exceptional 1.1-acre commercial and residential mixed-use land parcel in Westlake, Ohio (APN 214-28-003), presents a prime redevelopment opportunity. Located at 23569 Center Ridge Rd, 44145, this property boasts a strategic location in the heart of Westlake, near the intersection of Center Ridge and Clague Roads, offering easy access to Crocker Park, University Hospitals, Detroit Road, and I-90. The existing 3,500 square foot building, encompassing a first and second floor plus a full-height basement, provides a solid foundation for renovation or repurposing. The permitted OFC BLDG zoning allows for a variety of uses, making it ideal for educational, financial, medical, or legal businesses. The property includes 50 parking spaces. The seller is offering this property for $655,000, with a pro-forma NOI of $125,000 and a pro-forma cap rate of 19.08%. The seller is open to lease options with the potential to purchase, and is willing to customize interior finishes to meet tenant specifications, presenting a cost-effective alternative to new construction. This is a rare chance to acquire a high-return investment property in a thriving Westlake location.