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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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