Property profile

480 Pearl Rd Brunswick, OH 44212

FOR SALE
Bars & Pubs
Property ID
US66-5222657
2,122 SF 1.01 ac lot Built 1958
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Location

480 Pearl Rd Brunswick, OH 44212
Brunswick metro Census 415802 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$160k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2022
Last sale
$180,000
3 recorded transactions
2022
$180,000
2020
$190,000
2015
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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