5835 Landerbrook DrLyndhurst, OH 44124

Property Details for 5835 Landerbrook Dr

Year built

1995

Construction

TYPE NOT SPECIFIED

Lot size

2.08 AC

Property size (Sq ft)

8,039 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

714-28-027

APU

71428027

Description

This exceptional restaurant property, located at 5835 Landerbrook Drive in Lyndhurst, Ohio, presents a unique investment opportunity. The single-tenant building boasts a substantial 8,170 square feet of space, ideal for a variety of culinary concepts. Situated on a generous 2.07-acre lot, the property offers ample parking and visibility, ensuring convenient access for patrons. The address is within the 44124 zip code, providing easy access to major roadways and a thriving local community. The property's classification as both a restaurant and retail space highlights its versatility and potential for diverse uses. The substantial size of the building and the expansive lot provide significant opportunities for expansion or outdoor seating areas. This turnkey operation is ready for a new owner to capitalize on its established presence and prime location within Lyndhurst. The property's single-tenant occupancy simplifies management and offers a stable income stream. This is a rare opportunity to acquire a well-positioned restaurant property in a desirable Ohio market. The ample land provides significant potential for future development or expansion, adding further value to this already attractive investment. Serious inquiries are encouraged to explore this exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $2,125,937

  6.5%

  $1,962,403

  7%

  $1,822,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,894,960

  Geo Method

  $1,894,960

• Alternative Use

  Use

  Valuation

  Residential

  $1,655,360

  Hospitality

  $1,516,301

  Educational

  $1,261,545

  Medical

  $1,304,931

  Retail

  $1,962,403

Location Insight

City

Lyndhurst

County

Cuyahoga

State

Ohio

Latitude

41.5045

Longitude

-81.4714

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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