13114 Larchmere BlvdCleveland, OH 44120

Property Details for 13114 Larchmere Blvd

Year built

1942

Construction

WOOD

Lot size

0.23 AC

Property size (Sq ft)

3,465 SF

Zone code

LR

Property type

Retail space

APN

144-13-031

APU

14413031

Description

This exceptional freestanding restaurant property, located at 13114 Larchmere Boulevard in Cleveland, Ohio, presents a unique investment opportunity. The building encompasses a generous 2,200 square feet of space, ideally suited for a variety of culinary concepts. Situated in Cuyahoga County, this single-tenant property offers a prime location within a vibrant and established community. The address is easily accessible, boasting high visibility and ample space for customer parking. The building's existing infrastructure provides a solid foundation for a seamless transition for a new operator. This is a chance to acquire a well-positioned restaurant in a thriving area of Cleveland. The property's size and layout offer flexibility for customization to meet the specific needs of a new business. The 2,200 square feet allows for a spacious dining area, a fully equipped kitchen, and ample storage space. This turnkey opportunity is perfect for an experienced restaurateur looking to establish a presence in a desirable Cleveland neighborhood or for an entrepreneur seeking to launch a new culinary venture. The property's location within Cuyahoga County offers access to a diverse customer base and strong local support. This is a rare chance to acquire a well-established restaurant space in a prime location. The property is ready for immediate occupancy, allowing for a quick start to operations. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $769,965

  6.5%

  $710,737

  7%

  $659,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $337,081

  Geo Method

  $337,081

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,449,070

  Mixed-Use / Specialty

  $682,721

  Hospitality / Lodging

  $467,714

  Office

  $652,123

  Institutional / Educational

  $700,647

  Residential Income

  $819,757

  Multifamily

  $1,124,440

  Automotive / Energy

  $600,555

  Parking / Income-Based Land

  $232,420

  Restaurant / Food Service

  $300,705

  Healthcare / Senior Housing

  $726,249

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.487

Longitude

-81.5907

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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