Center Ridge Rd, North Ridgeville, Ohio 44039

Property Details

Overview

±7 Acres of Commercial Land for Sale or Ground Lease on Center Ridge Rd (US-20), North Ridgeville, Ohio
One of the largest available commercial land tracts on the Center Ridge Rd corridor is now offered for sale or ground lease. The ±7 acre site fronts US-20 (Route 20) in North Ridgeville, the third largest city in Lorain County and northern Ohio’s fastest growing community. Purchase the full tract at $1,500,000 or control the entire or portions of the site on a long term ground lease at $0.38/SF per year.

Ground Lease Opportunity
The ground lease structure lets an operator or developer secure prime US-20 frontage without buying the land, keeping capital free for construction and buildout. At $0.38/SF per year, the full tract carries estimated annual rent of approximately $115,900. Well suited for retail, QSR, medical, service, or mixed use users seeking commercial land for lease in the western Cleveland suburbs.

Location and Market
North Ridgeville sits on the eastern edge of Lorain County, 18 miles west of downtown Cleveland and 8 miles from Cleveland Hopkins International Airport. The population has grown nearly 27% since 2010 (U.S. Census) and median household income tops $94K (ACS). The site offers quick access to SR-83, I-480, and the Ohio Turnpike.

Highlights

Location Map