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    38459 Lake Shore Blvd Willoughby, OH 44095

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    For Lease
    $12 SF/Yr ($3,128 /Mo)

    Adaptable 3,128 SF space suitable for various business ventures.

    Property size:
    3,128 SF
    Lot size:
    0.75 Acres

    Property Features for 38459 Lake Shore Blvd

    General Information

    Size
    3,128 SF
    Lot size
    0.75 Acres

    Source: Sequoia Realty Agent Patrick Dowd

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Space Near Lakeshore Project

    This 3,128 square-foot property is available for lease at $12.00 per square foot and for sale at $357,000. Situated on a 0.76-acre lot, the property features a large corner parking lot accommodating 56 or more vehicles. The location is ideal for a drive-through setup and is zoned L-G Lakeshore Gateway District Shell Space. It is suitable for a restaurant, bar, coffee shop, salon, retail, office, medical facility, or redevelopment. The property benefits from high visibility with over 10,000 vehicles passing per day. Located near the Lost Nation Road intersection, the property is part of the Lakeshore project in Willoughby, Ohio, which includes environmental and recreational initiatives aimed at revitalizing the city's Lake Erie shoreline and Chagrin River corridor.
    Insight Report Location Intelligence

    Current Use by Public Records

    Chagrin River Pub Pub

    Suggested Use

    Realty agency Restaurant Dental Office Hair Salon Building Supply Gym & Fitness Auto Repair Shop Accounting Firm Wholesale Shop Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Willoughby
    County
    Lake
    State
    Ohio
    Longitude
    -81.4000875
    Latitude
    41.6956787

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    FAQs

    What type of property is this?
    Restaurant - Adaptable 3,128 SF space suitable for various business ventures.
    Where is this restaurant located?
    The property is located at 38459 Lake Shore Blvd Willoughby, OH.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Large corner parking lot for 56+/- vehicles; - Perfect location and setup for drive-through; - High traffic volume: **10,000+ VPD**
    (440) 946-8600
    Request Owner's contact information
    38459 Lake Shore Blvd Willoughby, OH 44095
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38459 Lake Shore Blvd Willoughby, OH 44095
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