Equipped Bar and Pub
For Sale
$450,000
21900 Lakeshore Boulevard, Euclid, OH 44123
Retail-zoned property with a dedicated dining area, bar, full kitchen, and on-site parking.
Property Size3,250 SF
Days on Market52
Property Features for 21900 Lakeshore Boulevard
General Information
Standard status
Active
Size
3,250 SF
Property subtype
Street Retail
Additional Details
Asking Price
$450,000
Building Details
Building Size
3,250 SF
Year Built
1930
Listing Agency:
The Osborne Group
Listed By:
Rick Osborne Jr · License #2010001710
(440) 299-5190
Source:
Thebrokerlist
Added: Aug 25
Changed: Sep 5
Last Checked: Oct 14 at 7:41PM
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 The Osborne Group
Investment Insights
Based on property information with market context.
This bars-and-pubs property includes a defined bar area, separate dining room, and full kitchen installation. The building dates to 1930 and includes parking on the premises for customer use. Retail zoning supports the property’s commercial positioning within Euclid, Ohio. The existing arrangement brings together the primary components of a bar and restaurant operation, including customer seating space, beverage service, food preparation, and guest parking. The property is offered as a sale opportunity and provides an established physical layout rather than a vacant shell.
Key Highlights
- Bar area, dining room, and full kitchen are already in place
- On‑site parking accommodates customer vehicles
- Retail zoning in Euclid, Ohio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,553
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,060
$711.1K
Cap Rate 7%
$507,900
$507.9K
Cap Rate 9%
$395,033
$395.0K
Market Conditions
NOI Build-Up for 3,250 SF
Gross rent
$50.7K $15.60/SF
− Vacancy
−$3.3K −$1.01/SF
EGI
$47.4K $14.59/SF
− OpEx
−$11.9K −$3.65/SF
NOI
$35.6K $10.94/SF
Area
Cuyahoga County, OH
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,060
Cap Rate 7%
$507,900
Cap Rate 9%
$395,033
Alternative Uses
Best Use
Specialty Retail
$507.9K
$444.4K – $592.6K
NOI $35,553 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.60M
$2.28M – $3.04M
NOI $182,283 @ 7.0% cap · market cap 40.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44123, OH
17,620
Population
9,176
Households
1.9
Avg Household Size
39
Median Age
23%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
7,048
Density / Sq Mi
$54,979
Median Household Income
$39,047
Median Earnings
$1,036
Median Rent
$103,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Retail-zoned property with a dedicated dining area, bar, full kitchen, and on-site parking.
Where is this bar & pub located?
The property is located at 21900 Lakeshore Boulevard Euclid, OH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Bar area, dining room, and full kitchen are already in place; On‑site parking accommodates customer vehicles; Retail zoning in Euclid, Ohio
