3965 Lee RdCleveland, OH 44128

Property Details for 3965 Lee Rd

Year built

1970

Construction

TYPE NOT SPECIFIED

Lot size

0.29 AC

Property size (Sq ft)

1,696 SF

Zone code

LR

Property type

Turn key restaurants

APN

140-15-006

APU

14015006

Description

This 1,500 square foot retail property, located at 3965 Lee Road in Cleveland, Ohio, presents a versatile investment opportunity. Currently operating as a restaurant, this space is ideally situated at the corner of Lee and Scottbridge Roads in the 44128 zip code, offering excellent visibility and accessibility. The property's zoning allows for a variety of uses, including a daycare/nursery, quick-service restaurant (QSR), or full-service restaurant. The building's 1,500 square feet provide ample space for a range of businesses. Its prime location within Cuyahoga County ensures high foot traffic and potential for strong returns. The property's existing restaurant setup could be easily adapted to suit a new tenant's needs, or it could be completely renovated to create a new space for a daycare or other retail venture. This adaptable space offers a unique chance to establish a thriving business in a high-demand area. The property's coordinates are 41.45125993217706 latitude and -81.56493608401253 longitude. Serious inquiries are encouraged to explore the potential of this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $448,512

  6.5%

  $414,011

  7%

  $384,439

• Comparable approach

  Method

  Valuation

  Relative Method

  $399,782

  Geo Method

  $399,782

• Alternative Use

  Use

  Valuation

  Residential

  $349,234

  Hospitality

  $319,896

  Educational

  $266,150

  Medical

  $275,303

  Retail

  $414,011

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.4514

Longitude

-81.5645

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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