24610 Detroit Rd - Office CONDO FOR SALE


Westlake, OH 44145
$400,000 USD
216-978-5632
24610 Detroit Rd, Westlake, OH for Sale
$400,000 USD
Office CONDO - FOR SALE
1/40
null | 6.31% Cap Rate

24610 Detroit Rd
Westlake, OH 44145


OVERVIEW

Rare opportunity to acquire a multi-tenant office condominium in one of Northeast Ohio's most desirable suburban office markets. Located within the professionally managed Teal Place office complex at 24610 Detroit Road in Westlake, this approximately 5,000-square-foot office condominium offers investors and owner-users a compelling combination of in-place income and future upside. The property currently features two occupied suites with established tenants providing immediate cash flow, while Suite 220 is being delivered vacant, creating an attractive value-add opportunity for a new owner. Whether utilized for owner occupancy, leased to a new tenant, or used as expansion space for an existing occupant, Suite 220 provides flexibility rarely found in today's office market. Suite 250 is occupied by NTIS Group, a nationally recognized transportation insurance firm with a recently extended lease through July 2028. Suite 270 is occupied by NAFTA Tools, an established consulting and product development company. Together, these tenants provide stable income while leaving meaningful upside through lease-up of the vacant suite. Teal Place is a well-maintained office campus known for its professional environment, ample parking, attractive pond views, and convenient access to Interstate 90, Crocker Road, Crocker Park, Cleveland Hopkins International Airport, and numerous retail and dining destinations. Westlake continues to attract businesses seeking a premier suburban location supported by strong demographics, high household incomes, significant daytime population, and ongoing commercial development. The property's location along the Detroit Road corridor places it among major employers, professional service firms, and regional business hubs, supporting long-term leasing demand and future appreciation. Ideal for investors seeking stable income with value-add potential or owner-users looking to offset occupancy costs through tenant income.

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

6.31%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Teal Place North

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

29,000 SF

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

140

LAND DETAILS

LAND ACRES

2.61 AC

LAND SF

113,692 SF

ZONING

GB

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

TJ HouseBerkshire Hathaway HomeServices ProfessionalMore Info
216-978-5632

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

TJ HouseBerkshire Hathaway HomeServices ProfessionalMore Info
216-978-5632

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