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Property profile & analytics
FOR LEASE
Banks

2765 Som Center Rd Willoughby Hills, OH 44094

2,128 SF 0.75 ac lot Built 1983
Entity Owned 21-yr Hold ~ Est. High Equity
Property ID
US66-0860755
Property summary
AI-generated overview

This exceptional 2,285-square-foot freestanding building presents a unique opportunity for businesses seeking a high-visibility location in Willoughby Hills, Ohio. Situated on a 0.75-acre lot at 2765 SOM Center Road (SR 91), this former bank boasts 160 feet of frontage on a major thoroughfare, ensuring significant exposure to high traffic volume. The property's convenient location is just south of Chardon Road, providing easy access for customers and employees. The building features a pre-existing three-lane drive-thru with canopy, a valuable asset for businesses requiring this type of customer service. The property is zoned to permit bank operations, offering flexibility for a variety of potential uses. The building's single-tenant occupancy allows for complete control and customization of the space. This is an ideal location for businesses seeking a prominent presence in a thriving community. The property is located in Lake County, Ohio, with a zip code of 44094. The total building square footage is not currently available. This property offers a rare combination of size, location, and existing infrastructure, making it an exceptional investment opportunity.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1983
Total area 2,128 SF
Lot 0.75 ac (32,670 SF)
Zoning code B
APN 31-A-004-0-00-017-0
UPID US66-0860755
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Second Generation Investments · 21 yrs held
Second Generation Investments
since 2004
1 recorded transaction
2004
$400,000
Zoning & alternative use
B · Willoughby Hills, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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