5300 Rockside Rd | Independence, OH 44131
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- LoopNet Team
5300 Rockside Rd
Independence, OH 44131
Ramada Cleveland Independence | Just off I-77 · Hospitality Property For Sale
·
122,914 SF
INVESTMENT HIGHLIGHTS
- Valuable five-story, 178-room hotel exceptionally situated over a spacious 6.53-acre lot with ample parking right off I-77 in Independence, Ohio.
- Incredible value-add opportunity to acquire an ideally positioned hotel within a thriving submarket, seeing a year-over-year RevPAR increase at 17.6%.
- Hotel offers shuttle service to the CLE Airport which is close to Great Lakes Science Center and Huntington Bank Field, home to the Cleveland Browns.
- Strategically located 1 mile from the major I-77 and I-480 highway interchange with desirable accessibility 8.5 miles south of Downtown Cleveland.
- Features desirable on-site amenities, including meeting rooms, ballrooms, a restaurant, an indoor and outdoor pool, a fitness center, and more.
- Within walking distance of Cleveland Clinic, Independence’s largest employer in the surrounding area, with a generous employee count of about 57,000.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 5 |
| Property Subtype | Hotel | Year Built/Renovated | 1974/2018 |
| Building Class | B | Parking Ratio | 2.23/1,000 SF |
| Lot Size | 6.53 AC | Corridor | Interior |
| Building Size | 122,914 SF | ||
| Zoning | U-6A | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 6.53 AC |
| Building Size | 122,914 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1974/2018 |
| Parking Ratio | 2.23/1,000 SF |
| Corridor | Interior |
| Zoning | U-6A |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Wedding Venue
- Public Access Wifi
- Smoke-Free
- Hot Tub
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $953,995 | |
| Land Assessment | $657,965 | Total Assessment | $1,611,960 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$657,965
Improvements Assessment
$953,995
Total Assessment
$1,611,960
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