28711 Euclid Ave Wickliffe, OH 44092
- Drive through restaurants
- 5,244 SF
- 1.28 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 28711 Euclid Ave
- Year built
- 1989
- Lot size
- 1.28 lot acres
- Property size
- 5,244 SF
- Zone code
- GB
- Property type
- Drive through restaurants
- APN
- 29-A-008-0-00-039-0
- APU
- 29A0080000390
Description
This exceptional 5,244-square-foot freestanding retail building, situated on a prominent 1.28-acre lot in Wickliffe, Ohio, presents a unique investment opportunity. Located on Euclid Avenue, the property boasts 33 feet of frontage and offers excellent visibility for any business. Built in 1989 and renovated in 1995, the structure is of masonry construction and features a fire-resistant design. The property includes a spacious 55-space surface parking lot, ensuring ample customer convenience. Inside, the building features a 14-foot ceiling height and is equipped with a hood system, drive-thru, walk-in cooler/freezer, dining room, and kitchen—ideal for a quick-service restaurant (QSR) or adaptable for other uses. The property is zoned GB (General Business) within Lake County and benefits from two ingress/egress points, enhancing accessibility. While currently vacant, the existing infrastructure provides a solid foundation for a new tenant. The property taxes are subject to adjustment based on current valuation. A grandfathered red post sign is present, or a monument sign is permissible. Note that hard corner sign usage is not available. This location offers significant potential for a variety of businesses seeking high visibility and convenient access in a thriving commercial area. The property's size, features, and location make it an attractive option for entrepreneurs and investors alike.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $405,000
- 6.5%
- $430,000
- 7%
- $410,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $460,000
- Geo Method
- $410,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $425,000
- Retail
- $415,000
- Mixed-Use
- $330,000
- Hospitality
- $315,000
- Educational
- $350,000
- Residential Income
- $365,000
- Energy
- $340,000
- Income-Based Land
- $390,000
- Food Service
- $370,000
Location Insight
- Map
- Local Demand
- City
- Wickliffe
- County
- Lake
- State
- Ohio
- Longitude
- -81.4834
- Latitude
- 41.6002
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
