33693 Vine StWillowick, OH 44095

Property Details for 33693 Vine St

Year built

1995

Lot size

1.24 AC

Property size (Sq ft)

13,440 SF

Zone code

R-BUS

Property type

Grocery and convenience stores

APN

34-A-007-0-00-058-0

APU

34A0070000580

Description

This 13,500 square foot free-standing building, currently occupied by Save-A-Lot under a lease expiring October 31, 2026, presents a unique investment opportunity. The property offers a single-tenant occupancy, providing stability and ease of management. With 90 days written notice, the building will become available for immediate occupancy. Its prominent location boasts a signalized intersection and a large pylon sign, ensuring high visibility and accessibility for any medical practice. The building's substantial size allows for ample space to accommodate a variety of medical services, from general practitioners to specialized clinics. The existing infrastructure provides a solid foundation for a seamless transition to a new tenant. The property is classified as both retail and office space, offering flexibility in its potential use. Given its size and location, this property is ideal for a medical office seeking a high-profile, easily accessible location. The building's prominent signage and high-traffic intersection ensure maximum exposure to potential patients. The 90-day notice provision allows for efficient planning and a smooth transition for the new tenant. This is a rare opportunity to acquire a substantial, well-located building suitable for a variety of medical uses. Serious inquiries only. Do not disturb the current tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $2,986,530

  6.5%

  $2,756,800

  7%

  $2,559,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,307,460

  Geo Method

  $1,307,460

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,620,620

  Mixed-Use / Specialty

  $2,648,130

  Hospitality / Lodging

  $1,814,160

  Office

  $2,529,450

  Institutional / Educational

  $2,717,660

  Residential Income

  $3,179,660

  Multifamily

  $4,361,470

  Automotive / Energy

  $2,329,420

  Parking / Income-Based Land

  $901,508

  Restaurant / Food Service

  $1,166,370

  Healthcare / Senior Housing

  $2,816,960

Location Insight

City

Willowick

County

Lake

State

Ohio

Latitude

41.643

Longitude

-81.4485

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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