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Westgate Plaza AUCTION - 10/7/2026 20325 Center Ridge Rd 113,253 SF Vacant Office Building Rocky River, OH 44116 For Sale
Executive Summary
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!
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!
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Building Size
113,253 SF
Building Class
B
Year Built
1969
Percent Leased
Vacant
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
14,157 SF
Building FAR
1.42
Lot Size
1.83 AC
Zoning
OB-3 - Office building district (permits multifamily redevelopment)
Parking
350 Spaces (3.09 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Signage
- High Ceilings
- Natural Light
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Tri-Lutions
- Real Estate
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- -
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Tri-Lutions | Real Estate | - | - | Jan 0000 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 304-19-009 | Improvements Assessment | $414,960 |
| Land Assessment | $279,510 | Total Assessment | $694,470 |
Property Taxes
Parcel Number
304-19-009
Land Assessment
$279,510
Improvements Assessment
$414,960
Total Assessment
$694,470
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Westgate Plaza AUCTION - 10/7/2026 | 20325 Center Ridge Rd