For Sale
$3,595,000

3941 Erie StWilloughby, OH 44094

Thriving Downtown Willoughby eatery

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, 9,625 square foot restaurant and bar situated in the vibrant heart of Historic Downtown Willoughby, Ohio. Built in 2016, this two-story establishment boasts a highly desirable open concept design, comfortably seating 160 guests indoors and an additional 75 on its expansive rooftop patio – a unique feature offering unparalleled outdoor dining experiences. The property sits on a 1.56-acre lot (APN: 27-B-037-0-00-005, 27-B-037-0-00-006) and benefits from ample on-site parking. Currently operating at 100% occupancy under a NNN lease, this multi-tenant property offers a strong, stable income stream. Its prime location at 3941 Erie St, Willoughby, OH 44094, near a high-traffic intersection ensures excellent visibility and accessibility. The property is zoned 430 C- - RESTAURANT, CAFETERIA, AND/OR BAR, reflecting its current successful operation. Downtown Willoughby is a renowned destination in Northeast Ohio, celebrated for its diverse culinary scene, thriving nightlife, unique shopping, and year-round arts and entertainment events, guaranteeing a consistent flow of customers. The asking price is $3,595,000, translating to $373.51 per square foot. This represents a compelling investment in a proven, high-performing commercial property within a dynamic and desirable market.

Highlights

  • $3,595,000 asking price for this 9,625 SF retail property.
  • Located in Downtown Willoughby, OH, at 3941 Erie St.
  • 100% occupied, multi-tenant bar and restaurant with a NNN lease.
  • Features a 75-seat rooftop patio and 160-seat indoor dining area.
  • Built in 2016 on a 1.56-acre lot, zoned for restaurant/bar use (430 C).

Property Details for 3941 Erie St

Property type
Retail properties, Restaurants
Square Feet
9,625 SF
Year Built
2016
Lot Size (sq. ft)
67,954 SF

Location Insight

City
Willoughby
County
Lake
State
Ohio
Latitude
41.643386817307
Longitude
-81.40620833681
3941 Erie St, Willoughby, Ohio

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3941 Erie St
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