216-338-1091
20325 Center Ridge Rd, Rocky River, OH for Sale
Office - FOR SALE
1/16
null | Request Cap Rate

20325 Center Ridge Rd
Rocky River, OH 44116


OVERVIEW

Ownership orders the immediate sale of Westgate Plaza, a strategically located office property on Center Ridge Road in the highly desirable Rocky River market. Situated on 1.83± acres with over 200 underground parking spaces, this 113,253± square foot building offers exception flexibility for investors, developers, and owner-users seeking a redevelopment, repositioning, or adaptive reuse opportunity. Ownership obtained full approval from the City of Rocky River to convert the building into a 99-unit market-rate apartment community. A comprehensive package of construction drawings, engineering and third-party reports, and underwriting materials are available to prospective purchasers in the Virtual Deal Room. Whether a new owner chooses to advance the approved multifamily development plan, reposition the property for office or mixed-use occupancy, or pursue an alternative redevelopment strategy, Westgate Plaza offers multiple pathways for value creation. Located less than 20 minutes west of downtown Cleveland and north of Cleveland Hopkins International Airport, this property benefits from excellent access to I-90 and a wide range of nearby retail, dining, and lifestyle amenities. Don’t miss out on this rare, below-market opportunity in one of Northeast Ohio’s most established and affluent communities! Auction Date: October 7, 2026 at 11 AM (Registration begins at 10 AM) Auction Location: On Site (20325 Center Ridge Road, Rocky River, OH 44116) Published Reserve: $995,000 Buyer's Premium: 10% Open House Dates: Wednesday 9/16, 9/23, & 9/30 from 10-11:30 AM Live and remote bidding options available. Pre-auction offers will be considered!

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Westgate Plaza AUCTION - 10/7/2026

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

350

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

OB-3

APN/PARCEL ID

304-19-009

ASK ABOUT THIS PROPERTY

Mark AboodColliersMore Info
216-338-1091

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Mark AboodColliersMore Info
216-338-1091

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