3866 Rocky River DrCleveland, OH 44111

Property Details for 3866 Rocky River Dr

Year built

1954

Construction

TYPE NOT SPECIFIED

Lot size

0.45 AC

Property size (Sq ft)

2,288 SF

Zone code

LR

Property type

Retail space

APN

026-03-013

APU

2603013

Description

This exceptional freestanding retail or restaurant building, located at 3866 Rocky River Drive in Cleveland, Ohio, presents a unique investment opportunity. The property boasts a total of 5,535 square feet of space, currently entirely vacant and ready for immediate occupancy. Its single-tenant configuration offers flexibility for a variety of uses, making it ideal for a business seeking a prominent location with high visibility. Situated on a 0.45-acre lot, the building offers ample space for parking and potential outdoor seating or expansion. The property's address is 3866 Rocky River Dr, Cleveland, OH 44111, within Cuyahoga County (APN: 026-03-013). The building is classified as a freestanding structure within the retail and restaurant property type. This presents a rare chance to acquire a well-located, sizable commercial property in a thriving area of Cleveland. The entire building is available for sale or lease, providing options for both ownership and tenancy. The property's size and location make it an attractive prospect for businesses seeking a strong presence in the Cleveland market. Interested parties are encouraged to explore this opportunity further. The property is ready for immediate development or occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $605,068

  6.5%

  $558,524

  7%

  $518,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $539,329

  Geo Method

  $539,329

• Alternative Use

  Use

  Valuation

  Residential

  $471,136

  Hospitality

  $431,558

  Educational

  $359,051

  Medical

  $371,400

  Retail

  $558,524

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.45

Longitude

-81.817

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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