3655 Orange Pl Beachwood, OH 44122-4401
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.
Buildings and land in a Class U-4A District shall be used and buildings shall be designed, created, altered or intended only for the uses specifically designated as Class U-4A uses in Section 1111.02 , except that other similar harmonious and compatible uses as may be determined by the Commission and approved by Council may be permitted. (b) Accessory uses c…
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
U-4A · Beachwood, OHBuildings and land in a Class U-4A District shall be used and buildings shall be designed, created, altered or intended only for the uses specifically designated as Class U-4A uses in Section 1111.02 , except that other similar harmonious and compatible uses as may be determined by the Commission and approved by Council may be permitted. (b) Accessory uses customarily incident to the main uses listed above shall be permitted provided they are planned and developed in connection with the main building. Such accessory uses among those permitted under this section shall include: (1) Parking garages and off-street parking and loading areas for employees and customers as provided in this chapter. (2) Maintenance, storage and incineration facilities provided the incinerator is located within the main building and conforms to the regulations of Part III, Sections 3.1 to 3.13, inclusive, Bulletin 82 of the American Insurance Association. (3) All solid waste collection, compaction, storage or container facilities shall be located within the main building and physically separated from other uses by a wall or similar partition. (Ord. 2018-94. Passed 10-21-19) 1121.03 - Area, yard and height regulations. (a) Area . (1) The ground area occupied by the building shall not exceed thirty percent (30%) of the total area of the lot. (2) Not less than fifteen percent (15%) of the total lot area shall be developed as planted areas in accordance with a landscape plan as approved by Commission and shall be maintained in good condition. (3) The minimum lot width at the building setback line shall be one-hundred-fifty feet (150'). (b) Yards . (1) A front yard of not less than one hundred feet (100') shall be provided. (2) Where adjoining a residential District, a side yard shall not be less than fifty feet (50'), nor less than twenty-five feet (25') where adjoining a public street. Within a U-4A District, side yards shall be not less than twenty-five feet (25'). (3) Where adjoining a residential district, the rear yard shall not be less than fifty feet (50'). In all other locations, the rear yard shall be not less than twenty-five feet (25'). (4) The Commission shall require, from each applicant for its approval, a landscape plan depicting the design of the installation of a fence, wall, hedge and/or other suitable screening and/or planting in order to create a buffer area where a residential district adjoins or abuts a rear or side yard of a lot in a U-4A District. (c) Off-Street Parking and Loading in Yards .
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.
