Restaurant Space in
14952 Pearl Rd Cleveland, OH 44136
14952 Pearl Rd, Cleveland, OH, 44136
$990,000
For Sale
$990,000
Restaurant space with liquor license and outdoor patio for sale.
Property Size6,869 SF
Price / SF$144.13
Days on Market229
Property Features for 14952 Pearl Rd
General Information
- Standard status
- Active
- Size
- 6,869 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1967
Listing Agency
Coldwell Banker Commercial Emmco Realty Group
(216) 292-3700
Listed by
Mike McDowell
(216) 292-3700
Source
Cbcworldwide
Added: Dec 3, 2025 Checked: Apr 9 at 9:00 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Emmco Realty Group
Investment Insights
Based on property information with market context.
This 6,869 square-foot property includes 4,113 square feet of former restaurant space, situated on 0.97 acres in Strongsville's Pearl Road Retail Corridor. The sale includes all furniture, fixtures, and equipment, a liquor license, and the existing business. The space breakdown includes a restaurant area and an 812 square-foot storage or party room. The property features a large outdoor patio and bar. Located in a high-traffic, convenient location, the property benefits from excellent visibility, including a monument sign on Pearl Road. The average household income within a 5-mile radius is $100,550, with a population of 130,705 in the same radius. This is a business opportunity in Strongsville, a vibrant suburb of Cleveland, Ohio.
Key Highlights
- Includes all FF&E, Liquor License, and Existing Business
- Located in high‑traffic Pearl Road Retail Corridor
- Large outdoor patio and bar
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.6k | $18.00 |
| − Vacancy | −$8.7k | −$1.26 |
| EGI | $115.0k | $16.74 |
| − OpEx | −$28.7k | −$4.19 |
| NOI | $86.2k | $12.56 |
6,869 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,240 @ 7.0% cap · market cap 8.71%
Second Best
Retail
$942.8K
$824.9K – $1.10M
NOI $65,994 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,338 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Professional Driving School
Training Center
Gino’s more than ...
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Melendez Catering Services, LLC — 3600 Biddulph Ave, Cleveland, OH 44109
- Kim's Catering — 6020 Memphis Ave, Cleveland, OH 44144
- Jockos Inc — 4298 State Rd, Cleveland, OH 44109
- Bella Catering & Events — 3600 Biddulph Ave, Cleveland, OH 44109
FAQs
What type of property is this?
Restaurant - Restaurant space with liquor license and outdoor patio for sale.
Where is this restaurant located?
The property is located at 14952 Pearl Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Includes all FF&E, Liquor License, and Existing Business; Located in **high‑traffic Pearl Road Retail Corridor**; **Large outdoor patio and bar**
