16099 Brookpark RdBrook Park, OH 44142

Property Details for 16099 Brookpark Rd

Year built

1965

Construction

TYPE NOT SPECIFIED

Lot size

0.26 AC

Property size (Sq ft)

1,242 SF

Zone code

U7-B

Property type

Drive through restaurants

APN

343-10-020

APU

34310020

Description

This exceptional restaurant opportunity is located at 16099 Brookpark Rd, Brook Park, Ohio, 44142. The property boasts 1,242 square feet of space situated on a 0.26-acre lot. Its prime corner location at Brookpark Road and West 161st Street offers excellent visibility and accessibility. The asking price is $325,000. This retail space is ideally suited for a variety of restaurant concepts, benefiting from its high-traffic location and proximity to major transportation arteries. The property enjoys convenient access to I-480 and I-71, ensuring easy commutes for both staff and customers. Furthermore, its close proximity to Cleveland Hopkins International Airport presents a unique advantage, potentially attracting a significant customer base from travelers and airport employees. This turnkey opportunity is ready for a new owner to establish or expand their culinary business. The property's size and location make it an attractive investment for those seeking a thriving restaurant venture in a bustling area. Serious inquiries are encouraged to explore this promising commercial real estate offering.

• CAP approach

  CAP return

  Valuation

  6%

  $328,450

  6.5%

  $303,185

  7%

  $281,529

• Comparable approach

  Method

  Valuation

  Relative Method

  $292,765

  Geo Method

  $292,765

• Alternative Use

  Use

  Valuation

  Residential

  $255,748

  Hospitality

  $234,264

  Educational

  $194,905

  Medical

  $201,608

  Retail

  $303,185

Location Insight

City

Brook Park

County

Cuyahoga

State

Ohio

Latitude

41.4183

Longitude

-81.8107

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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