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Property profile & analytics
FOR LEASE
Retail space

23709 Center Ridge Rd Westlake, OH 44145

11,320 SF 1.61 ac lot Built 1998
Entity Owned 26-yr Hold ~ Est. High Equity
Property ID
US66-0496720
Property summary
AI-generated overview

This exceptional retail property, located at 23709 Center Ridge Rd in Westlake, Ohio, offers 11,320 square feet of commercial space on a 1.61-acre lot. Currently, 2,893 square feet is available for lease, presenting a fantastic opportunity for a growing business. The property is situated in Cuyahoga County, zip code 44145, and benefits from its high-traffic location within a thriving commercial area. The building's multiple tenancy structure provides a diverse and vibrant atmosphere. The available space is ideal for a variety of retail uses, offering ample room for expansion and growth. The property's prime location ensures high visibility and accessibility for customers. This is a rare opportunity to secure a well-positioned retail space in a desirable Westlake location. The substantial lot size provides ample parking and potential for future development. Serious inquiries are encouraged to explore this exceptional commercial real estate offering. The property is available for lease and offers a unique chance to establish or expand a business in a bustling commercial environment. Don't miss this chance to secure a prime retail space in a high-demand area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Construction TYPE NOT SPECIFIED
Total area 11,320 SF
Lot 1.61 ac (70,132 SF)
Zoning code GB
APN 214-28-001
UPID US66-0496720
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.67M
Comparable Approach Comparable
$1.27M
Blend (final) Blend
$1.46M
Owner & transaction history
Rx Westlake Investors LLC · 26 yrs held
Rx Westlake Investors LLC
since 1999
4 recorded transactions
2024
Price N/A
2023
Price N/A
1999
$3.9M
1999
$2.5M
Zoning & alternative use
GB · Westlake, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.0M +169.2%
Office building $1.6M +115.9%
Apartment house (5+ units) $1.3M +66.7%
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