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20892010
23416980

32499 Lorain Rd, North Ridgeville, OH 44039

JK
OH 2008000837
CBRE - Cleveland
Listed by CBRE - Cleveland
$895,000
547 days on market
Updated 77 days ago

HUGE $ DROP $305,000 BELOW PREVIOUS PURCHASE PAID $1.2M 2022

Details
APN 0700003102065
Property Type Land, Retail
Sub Type Commercial, retail
Class A
Year Renovated 2025 Previous Building and Canopy Demolished
Acreage 1.000
Zoning B-3 Highway Commercial District
Ownership Fee Simple

1 AC next to new SBux Ideal Zoning QSR, Car Wash, Retail, etc AVG HH Incomes of $122,321 in 3 M

Marketing description

  • Price Was: $1,200,000 *Owner paid $1,200,000 in 2022

  • New Price: $895,000 for Fast Closing.

  • 1 Acre of Land (building was recently demolished and site is ready for development)

  • Site Dimensions: Approx. 213’ X 576’

  • The property has two existing curb cuts providing optimal circulation and there is also shared access with Starbucks providing access to the signalized intersection

  • Located at the center of a bustling retail corridor, directly adjacent to a new Starbucks, neighboring properties include McDonalds, Burger King, Culver’s, Panera, Sheetz, Chipotle, Taco Bell, Dunkin, Kindercare, University Hospitals and more!

  • Traffic Counts: Approximately 17,451 VPD

  • Fantastic Demographics with Average HH Incomes of $122,321 in 3 Mile Radius

  • Expansive Zoning: B-3 Highway Commercial District, governed by Chapter 1268 of the city’s zoning code Many retail / restaurant / service uses are permitted under the existing zoning code, including car washes

  • Seller has detailed due diligence package available for review

  • 2025 Previous Building and Canopy Demolished

Investment highlights

  • Price Was: $1,200,000 *Owner paid $1,200,000 in 2022

  • New Price: $895,000 for Fast Closing.

  • 1 Acre of Land (building was recently demolished and site is ready for development)

  • Site Dimensions: Approx. 213’ X 576’

  • The property has two existing curb cuts providing optimal circulation and there is also shared access with Starbucks providing access to the signalized intersection

  • Located at the center of a bustling retail corridor, directly adjacent to a new Starbucks, neighboring properties include McDonalds, Burger King, Culver’s, Panera, Sheetz, Chipotle, Taco Bell, Dunkin, Kindercare, University Hospitals and more!

  • Traffic Counts: Approximately 17,451 VPD

  • Fantastic Demographics with Average HH Incomes of $122,321 in 3 Mile Radius

  • Expansive Zoning: B-3 Highway Commercial District, governed by Chapter 1268 of the city’s zoning code Many retail / restaurant / service uses are permitted under the existing zoning code, including car washes

  • Seller has detailed due diligence package available for review

  • 2025 Previous Building and Canopy Demolished

Listing Contacts

JK
OH 2008000837
CBRE - Cleveland
Listed by CBRE - Cleveland

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