Property summary
This exceptional 11,325-square-foot freestanding retail building presents a unique investment opportunity in the thriving Lakewood market. Situated on a 0.89-acre lot, this single-tenant property boasts a prominent facade with excellent visibility from Detroit Avenue, ensuring high traffic and brand recognition. The building's strategic location offers unparalleled access, enhanced by signalized access to a major thoroughfare. The surrounding area demonstrates strong demographics, with over 110,000 people residing within a 3-mile radius, boasting an average household income exceeding $80,000. This translates to a robust customer base with significant spending power. The property benefits from abundant on-site parking, a key advantage for customers and employees alike. Its position within the dynamic Lakewood trade area places it in close proximity to a variety of national retailers and restaurants, including well-known brands such as Chipotle Mexican Grill, Starbucks, Panera Bread, Raising Cane's, Pet Supplies Plus, Crumbl Cookies, and McDonald's. This established retail cluster further enhances the property's appeal and potential for success. The building is currently available and offers significant potential for a variety of retail uses. The space is divisible, offering flexibility to suit diverse business needs. This is a rare opportunity to acquire a dominant retail site in a high-demand location with exceptional visibility and strong demographics.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
TheC3 General Business Districtis established to provide for commercial uses that generally require independent, freestanding buildings, larger parking areas, and may have unique traffic patterns because of such factors…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C3 · Lakewood, OHTheC3 General Business Districtis established to provide for commercial uses that generally require independent, freestanding buildings, larger parking areas, and may have unique traffic patterns because of such factors…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for C3 in Lakewood, OH.
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