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Property profile & analytics
OFF-MARKET
Gas stations

31008 Lk Shr Blvd Willowick, OH 44095-3511

1,260 SF 0.67 ac lot Built 1958
Entity Owned 21-yr Hold Free & Clear
Property ID
US66-1222087
Property summary
AI-generated overview

This exceptional 1,260 square foot auto shop, located at 31008 Lake Shore Blvd in Willowick, Ohio, presents a compelling investment opportunity. The property, situated on a 0.67-acre lot, boasts a prime location in a Retail District with high visibility. Built in 1958 and renovated in 1985, this single-story Class B building offers a single tenancy. The property benefits from its position on a signalized corner, making it highly accessible to customers. The area enjoys significant traffic volume, with over 20,000 vehicles per day passing on Vine Street and Lake Shore Boulevard. Furthermore, the property is surrounded by numerous national and regional retailers and quick-service restaurants, indicating a strong and established commercial area. The substantial population within a 5-mile radius (over 117,000 residents) provides a large potential customer base. The asking price for this redevelopment opportunity is $400,000. The property's APN is 28A044G000020. This is a rare chance to acquire a well-situated commercial property in a thriving Ohio community. The zoning is specifically designated for retail use.

Property profile
Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1958
Total area 1,260 SF
Lot 0.67 ac (29,185 SF)
Zoning code U-4
APN 28-A-044-G-00-002-0
UPID US66-1222087
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
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Owner & transaction history
YANO GEORGE W TRUST
YANO GEORGE W TRUST
Zoning & alternative use
U-4 · Willowick, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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