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    1066 Lost Nation Rd Willoughby, OH 44094

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    For Sale
    Contact for pricing

    Prime 54,000 SF Mixed-Use Property in Willoughby, OH

    Property size:
    52,272 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.2-acre mixed-use property, located at 1066 Lost Nation Rd, Willoughby, OH 44094, presents a unique development opportunity. The site encompasses 52,272 square feet of existing space, with a net rentable area of 54,000 square feet, currently configured as 24 units including grocery store, pharmacy/drug store, and storefront spaces. The property is zoned for mixed-use development, allowing for a diverse range of possibilities. Preliminary plans, discussed with the City of Willoughby, envision a mixed-use development incorporating street-level commercial spaces and upper-floor residential rentals. The property offers flexibility

    Property Features for 1066 Lost Nation Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    52,272 SF
    Lot Size
    52,272 SF

    Building Details

    Units
    24

    HighLights

    • 1.2‑acre mixed‑use property at 1066 Lost Nation Rd, Willoughby, OH 44094.
    • 54,000 square feet net rentable area, currently 24 units including grocery, pharmacy, and retail.
    • Mixed‑use zoning allows diverse development options.
    • Preliminary plans include street‑level commercial and upper‑floor residential.
    • Offers development flexibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    P&Bee Thai & Pizza Takeout Restaurant Marino's Hair Design Hair Salon Party's Pizza Pizza Restaurant Thai 999 Express ... Thai Restaurant Lake Insurance Agency ... Insurance Agency

    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
    -81.3996867
    Latitude
    41.6953367

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    FAQs

    What type of property is this?
    Individual retail property - Prime 54,000 SF Mixed-Use Property in Willoughby, OH
    Where is this individual retail property located?
    The property is located at 1066 Lost Nation Rd Willoughby, OH.
    What are key features of this property?
    This property features: 1.2-acre mixed-use property at 1066 Lost Nation Rd, Willoughby, OH 44094.; 54,000 square feet net rentable area, currently 24 units including grocery, pharmacy, and retail.; Mixed-use zoning allows diverse development options.
    Request Owner's contact information
    1066 Lost Nation Rd Willoughby, OH 44094
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    Willoughby, OH 44094
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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
    1066 Lost Nation Rd Willoughby, OH 44094
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