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Property profile & analytics
FOR SALE
Bars & Pubs

480 Pearl Rd Brunswick, OH 44212

2,122 SF 1.01 ac lot Built 1958
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US66-5222657
Property summary
AI-generated overview

This exceptional 2.25-acre commercial land parcel presents a unique redevelopment opportunity in Brunswick, Ohio. Strategically located on Pearl Road, this property boasts 410 feet of frontage and 400 feet of depth on Chestnut Avenue. The site comprises seven separate parcels, offering flexibility for various development plans. All utilities are readily available. A clean Phase 1 environmental assessment was completed in 2022. The property is zoned C-2 Community Commercial (Brunswick Hills) and G-C General Commercial (Brunswick), allowing for a wide range of commercial uses. Situated just one mile north of the intersection of Pearl Road and Center Road (Rt 303), this location offers convenient access to I-71 (3.8 miles, 10-minute drive). The high traffic count on Pearl Road (14,668 vehicles daily) ensures excellent visibility and accessibility. Annual real estate taxes for 2023 were $6,546.76. This thriving area, situated between Grafton and Boston Road, benefits from a dense residential population. The existing structure will require demolition, presenting a blank canvas for your vision. The asking price is $399,000, translating to approximately $177,333 per acre. This is an unparalleled opportunity to capitalize on the growth and potential of this prime Brunswick location.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1958
Total area 2,122 SF
Lot 1.01 ac (44,213 SF)
APN 001-02A-17-173
UPID US66-5222657
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Neo Panama Holdings LLC · 4 yrs held
Neo Panama Holdings LLC
since 2022
Last sale
$180,000
3 recorded transactions
2022
$180,000
2020
$190,000
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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