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39033 Center Ridge RD North Ridgeville, OH 44039
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Key Details
Sold Price $361,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision Village/North Ridgeville
MLS Listing ID 3673793
Sold Date 03/16/15
HOA Y/N No
Year Built 1989
Annual Tax Amount $14,729
Lot Size 1.740 Acres
Acres 1.74
Property Description
Cobblestone Corners is a 11,288sf specialty retail and office center located right on Center Ridge Road (US 20) in North Ridgeville, Ohio. This property is being offered For Sale at an 8.5% Cap Rate on existing income and offers increased income through the leasing of the vacant retail and basement space remaining. The property is currently 90% occupied and located nearby a mix of restaurants, retail businesses, entertainment businesses and Sandy Ridge Reservation. This center features store front retail spaces with foyer access and indoor office spaces. A private parking lot exists for both tenants and their customers. This property recently has been repainted (2014) and features a newer pylon sign. Historical occupancy has been strong and the property currently contains a hair salon, commercial printer, dentist, tattoo parlor and several office tenants. Current suites available are newly painted and feature new carpets.
Location
State OH
County Lorain
Rooms
Basement Finished, Partial
Interior
Heating Forced Air, Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features On Site, Paved
Water Access Desc Public
Roof Type Shake
Building
Story 2
Sewer Public Sewer
Water Public
Others
Tax ID 07-00-046-108-014
Financing Cash
Read Less
Bought with Kathie E. Craig • Howard Hanna