11699 Brookpark Rd
36,600 SF 47% Leased Office Building Parma, OH 44130 $3,250,000 ($89/SF)
EXECUTIVE SUMMARY
Prime Redevelopment Opportunity: 11699 Brookpark Rd., Parma, OH
Positioned at the corner of Brookpark Rd. and Chevrolet Blvd., this 2.7-acre property with a 36,000-square-foot building and 160 parking spaces offers unparalleled potential for redevelopment. Its location, accessibility, and size make it a developer’s dream.
Key Highlights:
Proximity to the Proposed New Cleveland Browns Stadium: Just 3.5 miles away, this location is primed for growth as the stadium is expected to attract significant traffic and development to the area.
Strategic Location: Situated near major highways, including I-480 and I-71, providing seamless access to Cleveland Hopkins Airport and the surrounding metro area.
Corner Property: High-visibility location with significant traffic counts, perfect for businesses that benefit from high exposure.
Ample Parking and Space: With 160 parking spaces, 2.7 acres of land, and a 36,000-square-foot building, the property is ideal for redevelopment into a hotel, retail complex, or other high-traffic commercial ventures.
Capitalize on this unique opportunity to leverage the anticipated surge in demand from the stadium project and the broader economic growth of the region.
Positioned at the corner of Brookpark Rd. and Chevrolet Blvd., this 2.7-acre property with a 36,000-square-foot building and 160 parking spaces offers unparalleled potential for redevelopment. Its location, accessibility, and size make it a developer’s dream.
Key Highlights:
Proximity to the Proposed New Cleveland Browns Stadium: Just 3.5 miles away, this location is primed for growth as the stadium is expected to attract significant traffic and development to the area.
Strategic Location: Situated near major highways, including I-480 and I-71, providing seamless access to Cleveland Hopkins Airport and the surrounding metro area.
Corner Property: High-visibility location with significant traffic counts, perfect for businesses that benefit from high exposure.
Ample Parking and Space: With 160 parking spaces, 2.7 acres of land, and a 36,000-square-foot building, the property is ideal for redevelopment into a hotel, retail complex, or other high-traffic commercial ventures.
Capitalize on this unique opportunity to leverage the anticipated surge in demand from the stadium project and the broader economic growth of the region.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
36,600 SF
Building Class
B
Year Built
1955
Price
$3,250,000
Price Per SF
$89
Percent Leased
47%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
36,600 SF
Building FAR
0.31
Lot Size
2.70 AC
Zoning
Commercial Mfg. B - Very broad zoning, Commercial Manufacturing B
Parking
225 Spaces (6.15 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Conferencing Facility
- Fenced Lot
- Property Manager on Site
- Security System
- Signage
- Wi-Fi
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Near front lobby entrance. Facility has enclosed fenced in parking.
Near front lobby entrance. Facility has enclosed fenced in parking.
Near front lobby entrance. Facility has enclosed fenced in parking.
Near front lobby entrance. Facility has enclosed fenced in parking.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 1000 | 1,800 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 1100 | 2,000-2,140 SF | Office/Retail | Full Build-Out | Now |
| 1st Fl-Ste C | 600 SF | Office/Retail | Full Build-Out | Now |
| 1st Fl-Ste Main/Anchor | 15,000 SF | Office/Retail | Full Build-Out | Now |
1st Fl-Ste 1000
| Size |
| 1,800 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 1100
| Size |
| 2,000-2,140 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste C
| Size |
| 600 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste Main/Anchor
| Size |
| 15,000 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 442-33-003 | Improvements Assessment | $350,460 |
| Land Assessment | $66,540 | Total Assessment | $417,000 |
