24941 Country Clb Blvd, North Olmsted, OH 44070-5308
This exceptional 2.25-acre redevelopment opportunity presents a unique chance to capitalize on a high-traffic location in North Olmsted, Ohio. The property, situated at 24941 Country Club Blvd, boasts a 5,620-square-foot, single-story brick building on a concrete lot. Previously used as a restaurant, the site is zoned for mixed use, offering flexibility for various commercial ventures. Its strategic location at the intersection of Country Club Boulevard and the I-480/Great Northern Boulevard interchange ensures high visibility and accessibility. The property benefits from its proximity to major retail anchors, including Great Northern Mall (with Dillard's, Macy's, Dick's Sporting Goods, and JCPenney), Walmart, and the Great Northern Corporate Center (a 273,000-square-foot Class A office building). Furthermore, its location across the street from a major employer, Moen Inc., and near Cleveland Hopkins International Airport (3 miles west) and other amenities like Courtyard by Marriott and Romano's Macaroni Grill, guarantees a robust customer base. The asking price is $850,000, translating to $151.25 per square foot. The building was constructed in 1995 and has been vacant since February 28, 2021. This property offers significant potential for investors seeking a high-impact redevelopment project in a thriving commercial area.
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
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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