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Property profile & analytics
OFF-MARKET
Medical Office Space

27059 Ctr Rdg Rd Westlake, OH 44145-4064

8,596 SF 0.86 ac lot Built 1962
Entity Owned 2-yr Hold Free & Clear
Property ID
US66-5887751
Property summary
AI-generated overview

This exceptional 8,596 square foot commercial building presents a unique investment opportunity in the thriving Westlake, OH market. Strategically situated between Crocker Park and Great Northern Mall, this property enjoys high visibility and accessibility, benefiting from significant foot and vehicle traffic. The building sits on a sizable 0.86-acre lot, offering ample space for expansion or future development. Recently undergoing a complete demolition and framing, the interior is entirely customizable, providing a blank slate for any commercial venture. Whether you envision a modern office space, a retail establishment, or a flexible mixed-use development, this property offers unparalleled adaptability. The building's prime location and substantial size make it an ideal choice for businesses seeking a prominent presence in a high-demand area. The absence of existing interior finishes allows for complete design freedom, enabling the creation of a space perfectly tailored to specific business needs. This is a rare chance to acquire a substantial commercial property in a highly desirable location, ready for immediate development and occupancy. The potential for return on investment is significant, given the property's size, location, and the current market demand. Don't miss this opportunity to secure a prime commercial asset in Westlake.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1962
Construction TYPE NOT SPECIFIED
Total area 8,596 SF
Lot 0.86 ac (37,247 SF)
Zoning code OB
APN 215-10-005
UPID US66-5887751
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
27059 Center Ridge Road LLC · 2 yrs held
27059 Center Ridge Road LLC
since 2024
5 recorded transactions
2024
Price N/A
2023
$600,000
2023
Price N/A
2015
Price N/A
1999
$3.0M
Zoning & alternative use
OB · Westlake, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Office Building District is intended for both local and regional offices adjacent to business areas and accessible to residents and in which such uses are compatible with adjoining residential districts.

Zone name Office Building
General category COMMERCIAL
Zone area 261.83 ac
Source Realmo
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