This exceptional 4,380 square foot restaurant space presents a fantastic opportunity for a single-tenant operation. Boasting unparalleled visibility from Interstate 480, this location offers significant advantages for attracting customers. The property is situated in a thriving commercial area, surrounded by established and successful businesses including Applebee's, Chipotle, Penn Station, and Starbucks, ensuring high foot traffic and brand recognition. The surrounding area also benefits from the presence of nearby industrial and office parks, providing a substantial daytime population seeking convenient dining options. The entire 4,380 square feet is currently vacant, allowing for complete customization to suit any restaurant concept. This prime location offers significant highway signage opportunities, further enhancing visibility and brand awareness. The property's strategic placement and the established presence of successful national chains create an ideal environment for a new restaurant to flourish. This is a rare chance to establish a successful business in a high-traffic, high-visibility location with strong potential for growth and profitability. The space is ready for immediate occupancy, allowing for a swift and efficient launch of your restaurant venture. Don't miss this exceptional opportunity to capitalize on this prime commercial real estate.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$885,124
6.5%
$817,037
7%
$758,678
Comparable approach
Method
Valuation
Relative Method
$788,958
Geo Method
$788,958
Alternative Use
Use
Valuation
Residential
$689,202
Hospitality
$631,305
Educational
$525,238
Medical
$543,302
Retail
$817,037
Location Insight
City
Garfield Heights
County
Cuyahoga
State
Ohio
Latitude
41.4099
Longitude
-81.6187
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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