3941 Erie StWilloughby, OH 44094
- Other commercial real estate
- 1,432 SF
Property Details for 3941 Erie St
- Lot size
- 0.08 AC
- Property size (Sq ft)
- 1,432 SF
- Zone code
- C-M
- Property type
- Other commercial real estate
- APN
- 27-B-037-0-00-005-0
- APU
- 27B0370000050
Description
This exceptional mixed-use investment opportunity presents a thriving microbrewery and restaurant at 3941 Erie Street in Willoughby, OH. The property boasts a substantial 9,625 square feet on a 1.56-acre lot, offering ample space for both indoor and outdoor operations. The open-concept design seamlessly blends the two-story interior with a remarkable rooftop patio, capable of seating 75 guests and providing stunning views. Inside, the restaurant comfortably accommodates 160 diners. On-site parking is available for patrons and staff, a significant advantage in a bustling downtown location. The property benefits from its prime position at a high-traffic intersection, ensuring excellent visibility and accessibility. Situated in the heart of Historic Downtown Willoughby, this establishment is part of a vibrant community known for its diverse culinary scene, lively nightlife, unique shopping experiences, and a year-round calendar of arts and entertainment events. This presents a rare chance to acquire a well-established business in a highly desirable and thriving Northeast Ohio location. The asking price is $3,595,000. This turnkey operation offers immediate income potential and significant long-term growth prospects.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $294,872
- Hospitality
- $270,101
- Educational
- $224,721
- Medical
- $232,450
- Retail
- $349,566
Location Insight
- City
- Willoughby
- County
- Lake
- State
- Ohio
- Latitude
- 41.6436
- Longitude
- -81.4063
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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