39033 Center Ridge Rd, North Ridgeville OH 44039 Photo 1 39033 Center Ridge Rd, North Ridgeville OH 44039 Photo 2 39033 Center Ridge Rd, North Ridgeville OH 44039 Photo 3 39033 Center Ridge Rd, North Ridgeville OH 44039 Photo 4 39033 Center Ridge Rd, North Ridgeville OH 44039 Photo 5

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39033 Center Ridge Rd - 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.

Listing information

  • MLS® ID: 3673793
  • Status: Sold on 3/16/2015
  • New Construction: No
  • Estimated Annual Taxes: $14,729
  • Style: Retail / Hospitality / Service
  • Stories: 2
  • Foreclosure: No
  • County: Lorain
  • Year Built: 1989
  • Parking Type Description: On Site 0 cars
  • Lot Area: 1.74

Features

Available Financing Cash, Conventional
Basement Detail Finished, Partial
Cooling Type Central Air
Heating Fuel Gas
Heating Type Forced Air
Location Freestanding, Strip Mall, Suburban
Miscellaneous Features Carpeting, Sign
Other Assessments YN - 0, Current Use - Retail and Office Property, Homestead Exemption YN - 0
Possession Time of Transfer
Property Subtype Retail
Retail Type Shopping Center
Roof Shake
Tenant Pays Pays All
Water Sewer Public Sewer, Public Water
Listing Courtesy of Keller Williams Grt Cleve SW