28711 Euclid AveWickliffe, OH 44092

Property Details for 28711 Euclid Ave

Year built

1989

Lot size

1.28 AC

Property size (Sq ft)

5,244 SF

Zone code

GB

Property type

Retail properties

Property subtype

Drive through restaurants

APN

29-A-008-0-00-039-0

APU

29A0080000390

Description

This exceptional 5,244-square-foot freestanding retail building, situated on a prominent 1.28-acre lot in Wickliffe, Ohio, presents a unique investment opportunity. Located on Euclid Avenue, the property boasts 33 feet of frontage and offers excellent visibility for any business. Built in 1989 and renovated in 1995, the structure is of masonry construction and features a fire-resistant design. The property includes a spacious 55-space surface parking lot, ensuring ample customer convenience. Inside, the building features a 14-foot ceiling height and is equipped with a hood system, drive-thru, walk-in cooler/freezer, dining room, and kitchen—ideal for a quick-service restaurant (QSR) or adaptable for other uses. The property is zoned GB (General Business) within Lake County and benefits from two ingress/egress points, enhancing accessibility. While currently vacant, the existing infrastructure provides a solid foundation for a new tenant. The property taxes are subject to adjustment based on current valuation. A grandfathered red post sign is present, or a monument sign is permissible. Note that hard corner sign usage is not available. This location offers significant potential for a variety of businesses seeking high visibility and convenient access in a thriving commercial area. The property's size, features, and location make it an attractive option for entrepreneurs and investors alike.

• CAP approach

  CAP return

  Valuation

  6%

  $1,386,791

  6.5%

  $1,280,115

  7%

  $1,188,678

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,236,120

  Geo Method

  $1,236,120

• Alternative Use

  Use

  Valuation

  Residential

  $1,079,825

  Hospitality

  $989,114

  Educational

  $822,931

  Medical

  $851,233

  Retail

  $1,280,115

Location Insight

City

Wickliffe

County

Lake

State

Ohio

Latitude

41.6002

Longitude

-81.4834

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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