26368 Lorain Rd, North Olmsted, OH 44070-3201
This exceptional investment opportunity presents a vacant, 1,700 square foot Quick Service Restaurant (QSR) building situated on a 0.46-acre lot in the thriving city of North Olmsted, Ohio. Built in 1965, the freestanding structure boasts a convenient drive-thru, a significant advantage for quick and efficient customer service. The property is ideally located on Lorain Road, near the prominent Great Northern Mall, ensuring high visibility and accessibility to a substantial customer base. The building offers excellent visibility thanks to prominent pylon signage. With a total of 1,653 square feet of space, the property is priced at $800,000, translating to $483.97 per square foot. The property's strategic location provides easy egress access to a traffic signal on Silverdale Road, further enhancing its appeal to potential tenants. This vacant QSR presents a unique chance to establish or relocate a thriving food service business in a high-traffic area with strong potential for growth and return on investment. The property's size and features make it suitable for a variety of QSR concepts. The address is 26368 Lorain Rd, North Olmsted, OH 44070.
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
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Property description
Physical attributes from public recordsZoning & alternative use
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.