28926 Euclid Ave Wickliffe, OH 44092-2542
- Retail space
- 7,032 SF
- 0.56 lot acres
Current Use by Public Records
- Retail space
Property Details for 28926 Euclid Ave
- Year built
- 1966
- Construction
- WOOD
- Lot size
- 0.56 lot acres
- Property size
- 7,032 SF
- Zone code
- GB
- Property type
- Retail space
- APN
- 29-B-008-H-00-033-0
- APU
- 29B008H000330
Description
This exceptional commercial property, located at 28926 Euclid Avenue in Wickliffe, Ohio, presents a unique investment opportunity. The 7,032 square foot building sits on a 0.56-acre lot and is currently operating as a thriving Italian restaurant, Casa Di Vino. The property boasts a fully renovated interior, featuring a spacious commercial kitchen equipped with a complete appliance package and two large walk-in coolers. The restaurant also includes a banquet hall, perfect for private events and larger gatherings, and an inviting outdoor covered patio area complete with a full bar. Ample parking is available with over 30 spaces. The property includes six remodeled bathrooms, adding to the overall comfort and convenience. A significant advantage is the inclusion of a D-5L liquor license, streamlining operations for the existing business or a future venture. This turnkey operation is ready for immediate use, offering a substantial return on investment for a discerning buyer. The building's prime location on Euclid Avenue ensures high visibility and accessibility, making it an ideal location for a restaurant or other commercial enterprise. This is a rare opportunity to acquire a fully equipped and established commercial property in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $155,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $125,000
- 6.5%
- $130,000
- 7%
- $140,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $140,000
- Geo Method
- $160,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $175,000
- Retail
- $160,000
- Mixed-Use
- $130,000
- Hospitality
- $155,000
- Educational
- $150,000
- Residential Income
- $160,000
- Energy
- $150,000
- Income-Based Land
- $140,000
- Food Service
- $145,000
Location Insight
- Map
- Local Demand
- City
- Wickliffe
- County
- Lake
- State
- Ohio
- Longitude
- -81.4794
- Latitude
- 41.6017
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
