36091 Vine StWillowick, OH 44095

  • Commercial real estate
  • 9,995 SF
For Sale
$125,000 View listing

Property Details for 36091 Vine St

Year built
1952
Lot size
0.13 AC
Property size (Sq ft)
9,995 SF
Zone code
G-BUS
Property type
Commercial real estate
APN
34-A-008-J-00-064-0
APU
34A008J000640

Description

This exceptional turnkey business opportunity is located at 36091 Vine Street in Eastlake, Ohio. The 1,460 square foot restaurant sits on a 0.13-acre lot and enjoys a prime location on a high-traffic street, conveniently close to a highway exit. This ensures excellent visibility and accessibility for customers. The establishment boasts a loyal customer base, built on a menu featuring authentic and appealing flavors. The fully equipped kitchen is a significant asset, with most equipment being less than three years old, minimizing the need for immediate capital investment. The restaurant's ambiance is enhanced by recent updates (within the last three years) to the dГ©cor, including a striking hand-built bar and new tables and chairs. The seating capacity is 65, providing ample space for diners. A significant advantage is the recently renewed and transferable D-5 liquor license, opening up various revenue streams and operational possibilities. This presents endless potential for a savvy entrepreneur or bar enthusiast looking to acquire a well-established and profitable business. The combination of a strong customer base, prime location, modern equipment, and a transferable liquor license makes this a truly unique and attractive investment opportunity. This is a ready-to-go business, requiring minimal effort to continue operations and capitalize on its existing success. The asking price is $125,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,058,133
    Hospitality
    $1,885,238
    Educational
    $1,568,496
    Medical
    $1,622,439
    Retail
    $2,439,883

Location Insight

City
Willowick
County
Lake
State
Ohio
Latitude
41.6428
Longitude
-81.4306
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,413
$7,000
$24,500
$31,500
-
$20,000
$70,000
$90,000

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