30500 Lakeshore BlvdWillowick, OH 44095

Property Details for 30500 Lakeshore Blvd

Year built

1997

Lot size

1.11 AC

Property size (Sq ft)

11,108 SF

Zone code

UB3

Property type

Retail properties

Property subtype

Outlet malls

APN

28-A-043-O-00-018-0

APU

28A043O000180

Description

This exceptional 11,362-square-foot retail property, located at 30500 Lakeshore Boulevard in Willowick, Ohio, presents a unique investment opportunity. Currently vacant, the entire space is available for sale or lease. The building is classified as a single-tenant drugstore and sits on a sizable 1.23-acre lot (APN: 28A043O000180). Its prime location in Lake County offers excellent visibility and accessibility for potential tenants. The property's substantial size provides ample space for a variety of retail uses, making it an attractive prospect for businesses seeking a prominent presence in the Willowick market. The address is 30500 Lakeshore Blvd, Willowick, OH 44095. Given its size and location, this property is well-suited for a variety of retail concepts. The entire building is currently available, offering a blank canvas for a new tenant to establish a strong retail presence. The 1.23-acre lot provides ample parking and potential for future expansion. This is a rare opportunity to acquire a significant retail space in a desirable location. Serious inquiries are encouraged. The property is located at latitude 41.6396923 and longitude -81.4731755.

• CAP approach

  CAP return

  Valuation

  6%

  $2,937,542

  6.5%

  $2,711,578

  7%

  $2,517,894

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,618,387

  Geo Method

  $2,618,387

• Alternative Use

  Use

  Valuation

  Residential

  $2,287,317

  Hospitality

  $2,095,170

  Educational

  $1,743,157

  Medical

  $1,803,107

  Retail

  $2,711,578

Location Insight

City

Willowick

County

Lake

State

Ohio

Latitude

41.6396

Longitude

-81.4733

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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