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

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

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].