Building Details

Building Size 6,876 SF

Year Built 1967

Stories 10

Listing Agency: Coldwell Banker Commercial Emmco Realty Group

Listed By: Mike McDowell Show Phone

Source: Cbcworldwide

Added: Dec 3, 2025 Changed: Sep 14 Last Checked: Oct 5 at 3:10PM

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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**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$86,240

Cap Rate

8.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,724,800 $1.7M

Cap Rate 7%

$1,232,000 $1.2M

Cap Rate 9%

$958,222 $958.2K

Market Conditions

NOI Build-Up for 6,869 SF

Gross rent

$123.6K $18.00/SF

− Vacancy

−$8.7K −$1.26/SF

EGI

$115.0K $16.74/SF

− OpEx

−$28.7K −$4.19/SF

NOI

$86.2K $12.56/SF

Area

Cleveland, OH

Vacancy

7.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,724,800

Cap Rate 7%

$1,232,000

Cap Rate 9%

$958,222

Alternative Uses

Best Use

Specialty Retail

$1.23M

$1.08M – $1.44M (±1% cap)

NOI $86,240 @ 7.0% cap · market cap 8.71%

Second Best

Retail

$942.8K

$824.9K – $1.10M (±1% cap)

NOI $65,994 @ 7.0% cap · market cap 6.67%

Theoretical Best

Office A

$1.68M

$1.47M – $1.96M (±1% cap)

NOI $117,338 @ 7.0% cap · market cap 11.85%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Professional Driving School Training Center Gino’s more than ... Restaurant

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Law Firm Parking Lot & Garage Auto Parts Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

698

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 44136, OH

25,890

Population

11,019

Households

2.3

Avg Household Size

45

Median Age

46%

College-Educated

94%

High-School Grad

13.5 sq mi

ZIP Area

1,918

Density / Sq Mi

$93,713

Median Household Income

$55,616

Median Earnings

$1,264

Median Rent

$271,300

Median Home Value

Market

Vacancy Rate% for Retail in Cleveland, OH

5.6% 2019

8.5% 2020

7.2% 2021

6.9% 2022

6.7% 2023

6.9% 2024

7.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

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**