Current Use by Public Records
- Retail properties & Spaces
Property Details for 38201 Erie St
- Lot size
- 0.91 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Banks
Description
This exceptional 4,149 square foot freestanding retail building presents a compelling investment opportunity in the heart of historic downtown Willoughby, Ohio. Situated on a prominent 0.91-acre corner lot at the intersection of Mentor Avenue and Erie Street, this property benefits from high visibility and significant foot traffic. The building's strategic location places it amidst a vibrant mix of independent restaurants and retailers, including Barrio, Citizens Bank, the US Post Office, and several other popular establishments. This ensures a strong existing customer base and potential for synergistic partnerships. The property boasts a convenient drive-thru, adding further appeal to potential tenants. With daily traffic counts exceeding 15,790 on Erie Street and 18,180 on Mentor Avenue, this location offers unparalleled exposure for any business. The building's current configuration as a single-tenant space provides flexibility for a variety of uses, while the substantial lot size presents exciting redevelopment potential. This is an exceptional opportunity to acquire a prime retail property in a thriving downtown area with strong demographics and high traffic volume. The property is located in Lake County, Ohio, with the address being 38201 Erie Street, Willoughby, OH 44094.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Willoughby
- County
- Lake
- State
- Ohio
- Longitude
- -81.4062
- Latitude
- 41.6428
