8320 Snow RdParma, OH 44129

Property Details for 8320 Snow Rd

Year built

1976

Construction

WOOD

Lot size

0.78 AC

Property size (Sq ft)

4,518 SF

Zone code

RB

Property type

Turn key restaurants

APN

443-04-031

APU

44304031

Description

This exceptional commercial property, located at 8320 Snow Road in Parma, Ohio, presents a unique turnkey opportunity for aspiring restaurateurs. The free-standing building sits on a 0.78-acre lot at a bustling intersection, ensuring high visibility and convenient access for customers. The property is offered at $1,200,000 and includes all existing appliances and equipment, eliminating the significant upfront costs associated with outfitting a new restaurant. This ready-to-operate establishment is ideal for immediate occupancy and the commencement of business operations. The ample parking available on-site further enhances the property's appeal and convenience for patrons. The high-traffic location guarantees a steady stream of potential customers, making this a truly exceptional investment opportunity in a thriving commercial area. This is a rare chance to acquire a fully operational restaurant in a prime location, minimizing start-up time and maximizing potential returns. Serious inquiries are encouraged to explore this lucrative venture. The property's size and location make it an attractive proposition for a variety of food service businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,194,798

  6.5%

  $1,102,891

  7%

  $1,024,113

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,064,987

  Geo Method

  $1,064,987

• Alternative Use

  Use

  Valuation

  Residential

  $930,329

  Hospitality

  $852,177

  Educational

  $709,001

  Medical

  $733,385

  Retail

  $1,102,891

Location Insight

City

Parma

County

Cuyahoga

State

Ohio

Latitude

41.4052

Longitude

-81.7428

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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