Pub Business with Outdoor
4294 Mayfield Road, South Euclid, OH 44121
For Sale
$199,999
An assignable five-year lease accompanies a staffed operation with a refreshed kitchen and Sunday liquor-sale privileges.
Property Size1,462 SF
Price / SF$136.80
Days on Market248
Property Features for 4294 Mayfield Road
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Restaurant
Commercial Hood
Patio
Equipment Included
Liquor License
Additional Details
Business Included
Currently Operating
Building Details
Building Size
Year Built
Listing Agency:
POP! Realty Advisors
(440) 376-1502
Listed By:
Vincent A Fusco Jr.
(440) 759-1987
Source:
Kimberlysrealtycorp
Added: Mar 7
Changed: Nov 7
Last Checked: Nov 8 at 2:14PM
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 POP! Realty Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering is the pub business, with indoor seating for 75+ and an outdoor patio that seats 30+. Its commercial kitchen has a hood system and updated equipment, and the operation includes established staff and vendor relationships. A D6 liquor permit allows Sunday sales. Live music and recurring events are part of the business’s programming.
The current owners have signed a five-year lease that can be assigned. The business is located in South Euclid, Ohio, and on-site parking is available at no charge.
The current owners have signed a five-year lease that can be assigned. The business is located in South Euclid, Ohio, and on-site parking is available at no charge.
Key Highlights
- Business sale includes indoor seating for 75+ and patio seating for 30+
- Five‑year assignable lease
- D6 liquor permit includes Sunday sales privileges
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,994
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,880
$319.9K
Cap Rate 7%
$228,486
$228.5K
Cap Rate 9%
$177,711
$177.7K
Market Conditions
NOI Build-Up for 1,462 SF
Gross rent
$22.8K $15.60/SF
− Vacancy
−$1.5K −$1.01/SF
EGI
$21.3K $14.59/SF
− OpEx
−$5.3K −$3.65/SF
NOI
$16.0K $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%
$319,880
Cap Rate 7%
$228,486
Cap Rate 9%
$177,711
Alternative Uses
Best Use
Specialty Retail
$228.5K
$199.9K – $266.6K
NOI $15,994 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$271.6K
$237.6K – $316.9K
NOI $19,011 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44121, OH
32,887
Population
14,916
Households
2.2
Avg Household Size
39
Median Age
41%
College-Educated
96%
High-School Grad
6.4 sq mi
ZIP Area
5,139
Density / Sq Mi
$75,621
Median Household Income
$41,061
Median Earnings
$1,113
Median Rent
$129,300
Median Home Value
Market
Average Price Trend$/SF for Bars & Pubs in Cuyahoga County, OH
Properties on Market for Bars & Pubs in Cuyahoga County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Kulture Ultra Lounge — 3962 Mayfield Rd, Cleveland Heights, OH 44121
- Engel's Sports Bar & Grille — 4030 Mayfield Rd, South Euclid, OH 44121
- Razzle Dazzle Lounge — 4080 Mayfield Rd, Cleveland, OH 44121
- Rummy's Bar & Grill — 4294 Mayfield Rd, Cleveland, OH 44121
- Spoto's Bar and Grill — 4294 Mayfield Rd, South Euclid, OH 44121
Frequently Asked Questions
What type of property is this?
Bar & Pub - An assignable five-year lease accompanies a staffed operation with a refreshed kitchen and Sunday liquor-sale privileges.
Where is this bar & pub located?
The property is located at 4294 Mayfield Road South Euclid, OH.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Business sale includes indoor seating for 75+ and patio seating for 30+; Five‑year assignable lease; D6 liquor permit includes Sunday sales privileges
