13114 Larchmere BlvdCleveland, OH 44120
- Retail properties
- 3,465 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $916,329
- 6.5%
- $845,842
- 7%
- $785,425
-
Comparable approach
- Method
- Valuation
- Relative Method
- $816,773
- Geo Method
- $816,773
-
Alternative Use
- Use
- Valuation
- Residential
- $713,500
- Hospitality
- $653,562
- Educational
- $543,756
- Medical
- $562,456
- Retail
- $845,842
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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