24941 Country Club BlvdNorth Olmsted, OH 44070

Property Details for 24941 Country Club Blvd

Year built

1995

Construction

TYPE NOT SPECIFIED

Lot size

2.24 AC

Property size (Sq ft)

5,448 SF

Property type

Turn key restaurants

APN

236-17-018

APU

23617018

Description

This exceptional 2.25-acre redevelopment opportunity presents a unique chance to capitalize on a high-traffic location in North Olmsted, Ohio. The property, situated at 24941 Country Club Blvd, boasts a 5,620-square-foot, single-story brick building on a concrete lot. Previously used as a restaurant, the site is zoned for mixed use, offering flexibility for various commercial ventures. Its strategic location at the intersection of Country Club Boulevard and the I-480/Great Northern Boulevard interchange ensures high visibility and accessibility. The property benefits from its proximity to major retail anchors, including Great Northern Mall (with Dillard's, Macy's, Dick's Sporting Goods, and JCPenney), Walmart, and the Great Northern Corporate Center (a 273,000-square-foot Class A office building). Furthermore, its location across the street from a major employer, Moen Inc., and near Cleveland Hopkins International Airport (3 miles west) and other amenities like Courtyard by Marriott and Romano's Macaroni Grill, guarantees a robust customer base. The asking price is $850,000, translating to $151.25 per square foot. The building was constructed in 1995 and has been vacant since February 28, 2021. This property offers significant potential for investors seeking a high-impact redevelopment project in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,440,739

  6.5%

  $1,329,913

  7%

  $1,234,919

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,284,207

  Geo Method

  $1,284,207

• Alternative Use

  Use

  Valuation

  Residential

  $1,121,832

  Hospitality

  $1,027,592

  Educational

  $854,944

  Medical

  $884,347

  Retail

  $1,329,913

Location Insight

City

North Olmsted

County

Cuyahoga

State

Ohio

Latitude

41.4149

Longitude

-81.8996

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].