2765 Som Ctr RdWilloughby Hills, OH 44094

Property Details for 2765 Som Ctr Rd

Year built

1983

Lot size

0.75 AC

Property size (Sq ft)

2,128 SF

Zone code

B

Property type

Banks

APN

31-A-004-0-00-017-0

APU

31A0040000170

Description

This exceptional 2,285-square-foot freestanding building presents a unique opportunity for businesses seeking a high-visibility location in Willoughby Hills, Ohio. Situated on a 0.75-acre lot at 2765 SOM Center Road (SR 91), this former bank boasts 160 feet of frontage on a major thoroughfare, ensuring significant exposure to high traffic volume. The property's convenient location is just south of Chardon Road, providing easy access for customers and employees. The building features a pre-existing three-lane drive-thru with canopy, a valuable asset for businesses requiring this type of customer service. The property is zoned to permit bank operations, offering flexibility for a variety of potential uses. The building's single-tenant occupancy allows for complete control and customization of the space. This is an ideal location for businesses seeking a prominent presence in a thriving community. The property is located in Lake County, Ohio, with a zip code of 44094. The total building square footage is not currently available. This property offers a rare combination of size, location, and existing infrastructure, making it an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $562,756

  6.5%

  $519,467

  7%

  $482,362

• Comparable approach

  Method

  Valuation

  Relative Method

  $501,614

  Geo Method

  $501,614

• Alternative Use

  Use

  Valuation

  Residential

  $438,190

  Hospitality

  $401,379

  Educational

  $333,943

  Medical

  $345,428

  Retail

  $519,467

Location Insight

City

Willoughby Hills

County

Lake

State

Ohio

Latitude

41.5863

Longitude

-81.4389

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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