1572 117th St Lakewood, OH 44107-5253
This exceptional retail property, located at 1572 W 117th St in Lakewood, Ohio (44107), presents a unique opportunity for restaurant or bar owners. Boasting a generous 5,198 square feet, this vacant space offers significant potential. The main floor comfortably accommodates approximately 100 diners and features a 12-seat bar, ideal for creating a lively atmosphere. A sizable lower level provides ample space for private events or expanded operations, adding versatility to the property. This prime location on the eastern end of Lakewood benefits from exceptional visibility and high traffic volume, with an estimated 17,000 cars passing daily. The property is classified as Retail, with a subtype of Bar and Restaurant, and is available for both sale and lease. This owner/user investment opportunity is situated in Cuyahoga County and offers a substantial footprint for a thriving food and beverage establishment. The property's high traffic count and flexible layout make it an attractive option for a variety of concepts. Contact us to explore this exciting opportunity further.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C3 · Lakewood, OHLakewood. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.