1560 Wagar Rd - Multi-Family FOR SALE


Rocky River, OH 44116
$850,000 USD
216-232-4102
1560 Wagar Rd, Rocky River, OH for Sale
$850,000 USD
Multi-Family - FOR SALE
1/5
null | Request Cap Rate

1560 Wagar Rd
Rocky River, OH 44116


OVERVIEW

Excellent redevelopment opportunity in the heart of Rocky River, ideal for townhomes or a new apartment complex. The site, located across from Rocky River High School—ranked 5th in Ohio—can support up to 25 apartment units (20 two-bedroom and 4 one-bedroom) or approximately 20 townhomes. Zoned R-4 Multi-Family, it allows buildings up to 36 feet high and can accommodate around 50 parking spaces. The location offers convenient access to I-90 and is close to dining, shopping, and services in both Rocky River and Fairview Park.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$193 USD /SF

# OF UNITS

4

PRICE/UNIT

$212,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Redevelopment Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,440 SF

ZONING

MF-R4

APN/PARCEL ID

303-01-011

ASK ABOUT THIS PROPERTY

Conor CoakleyCushman & Wakefield | CRESCO Real EstateMore Info
216-232-4102

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Conor CoakleyCushman & Wakefield | CRESCO Real EstateMore Info
216-232-4102

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.