3655 Orange Pl Beachwood, OH 44122-4401
- Turn key restaurants
- 7,534 SF
- 2.26 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 3655 Orange Pl
- Year built
- 1983
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.26 lot acres
- Property size
- 7,534 SF
- Zone code
- U-4A
- Property type
- Turn key restaurants
- APN
- 901-01-064
- APU
- 90101064
Description
This exceptional 2.25-acre property presents a unique opportunity for a single-tenant restaurant or retail operation, or a combination of both. Ideally situated between the Chagrin Boulevard and Harvard Road interchanges on I-271, this location boasts approximately 300 feet of frontage, providing excellent visibility and accessibility. The site is zoned U-4A Motorist Service District, allowing for flexible use and development options. This high-traffic area is part of one of Ohio's most desirable trade areas, known for its affluent demographics and strong consumer spending. Nearby businesses include established high-end retailers such as REI, Whole Foods, Silverspot Cinema, Tiffany & Co., Apple, and a soon-to-open Restoration Hardware (a 20 million dollar addition opening March 2024). The property's strategic location is further enhanced by its proximity to a new Porsche dealership (6-acre site) and the Pinecrest shopping center. Future development in the immediate vicinity includes an approved single-family residential development behind the site and an approved development of over 200 units for residents 55 and older at Harvard and Orange Place. This presents a compelling investment opportunity in a thriving and upscale community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,175,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,665,000
- 6.5%
- $5,455,000
- 7%
- $5,505,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,690,000
- Geo Method
- $5,525,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,075,000
- Retail
- $5,450,000
- Mixed-Use
- $6,455,000
- Hospitality
- $6,470,000
- Educational
- $4,845,000
- Residential Income
- $4,825,000
- Energy
- $6,625,000
- Income-Based Land
- $5,820,000
- Food Service
- $6,025,000
Location Insight
- Map
- Local Demand
- City
- Beachwood
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.4873
- Latitude
- 41.4597
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
