32801 Vine StWillowick, OH 44095

Property Details for 32801 Vine St

Year built

1966

Lot size

0.73 AC

Property size (Sq ft)

5,768 SF

Zone code

U-4

Property type

Retail properties

Property subtype

Retail space

APN

28-A-048-0-00-009-0

APU

28A0480000090

Description

Springcrest Shopping Center offers two exceptional office spaces for lease. One unit, approximately 1,200 square feet, is an endcap space with a built-out former mortgage office layout, presenting a potential drive-thru opportunity for a suitable office or retail tenant. The second unit, newly renovated and approximately 1,090 square feet, is ready for immediate occupancy. Both spaces are located within a single-story building situated in a thriving retail center. Excellent monument signage is available for increased visibility and brand recognition. The property boasts a modified gross lease structure, simplifying financial planning. This prime location benefits from high traffic volume and close proximity to major retailers, including Walmart Supercenter, American Freight, Harbor Freight, Discount Drug Mart, Dunkin', Wendy's, Autozone, and numerous others, ensuring high foot traffic and convenient access for employees and clients. The property features a total of 2,290 square feet of vacant space, with a minimum divisible space of 1,090 square feet and a maximum contiguous space of 1,200 square feet. The Assessor's Parcel Number (APN) is 28-A-048-0-00-009-0. This opportunity is ideal for businesses seeking a high-visibility location within a bustling retail environment. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,525,364

  6.5%

  $1,408,028

  7%

  $1,307,455

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,359,638

  Geo Method

  $1,359,638

• Alternative Use

  Use

  Valuation

  Residential

  $1,187,725

  Hospitality

  $1,087,950

  Educational

  $905,161

  Medical

  $936,291

  Retail

  $1,408,028

Location Insight

City

Willowick

County

Lake

State

Ohio

Latitude

41.6428

Longitude

-81.4547

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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