38295-38305 Chestnut Ridge Rd - Retail FOR SALE


Elyria, OH 44035
$3,645,300 USD
404-441-3849
38295-38305 Chestnut Ridge Rd, Elyria, OH for Sale
$3,645,300 USD
Retail - FOR SALE
1/12
null | 8% Cap Rate

38295-38305 Chestnut Ridge Rd
Elyria, OH 44035


HIGHLIGHTS

  • Immediate Synergy & High-Traffic Infrastructure
  • 5.7 MSF of retail, 1.5 MSF of office, 11.1 MSF of industrial, and over 8,200 multifamily units within a 5-mile radius.
  • Premier Tenants

OVERVIEW

CBRE is pleased to exclusively offer for sale the 8,800-square-foot, two-tenant retail building that is 100% leased to Mattress Firm and Panera Bread in Elyria, OH—a vital western anchor of the Cleveland MSA (Population: 2.18M). Built in 2016, the building is situated on 1.92 acres on a hard corner at the signalized intersection of US-20/Highway 57 (26,429 VPD) and Chestnut Ridge Road (7,513 VPD).

FOR SALE DETAILS

PRICE

$3,645,300 USD

PRICE/SF

$417 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mattress Firm & Panera: Elyria, OH

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

78

LAND DETAILS

LAND ACRES

1.92 AC

LAND SF

83,635 SF

ZONING

RC-1

APN/PARCEL ID

11-00-092-000-090

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

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