29303 Euclid Ave Wickliffe, OH 44092
For Sale
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This exceptional turn-key opportunity presents a well-established, family-owned Italian restaurant and its accompanying real estate in the thriving Wickliffe, OH market. Petti's Pizza & Ristorante, a beloved local landmark since the 1960s, boasts a consistent track record of success, attracting loyal regulars and new customers alike with its commitment to quality food and service at reasonable prices. The 5,784 square foot building, constructed in 1986 specifically for the restaurant, features an efficient floor plan, seating over 100 indoors and an additional 25 on the patio. Situated on a highly visible .8-acre lot (approximately 151 x 257 feet) with ample parking, the property benefits from steady traffic exposure in a Town Center District (TC) zoning. Recent upgrades include a new roof (2019), new AC units (2023), recent electrical updates (2023), a new dishwasher, and updated compressor units for freezers (2023). The sale includes a valuable D2, D2X, D3 & D6 liquor license. Wickliffe's point of sale requirements have been met. This is a unique opportunity to acquire both a thriving business and its prime real estate location, all in one package. A detailed information packet, including photos, building sketches, zoning details, equipment lists, and more, is available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GB · Wickliffe, OHWickliffe. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.