Property profile

5989 Canal Rd Valley View, OH 44125

OFF-MARKET
Turn key restaurants
Property ID
US66-1532105
6,386 SF 2.08 ac lot Built 2002
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 9,163 square foot freestanding restaurant building, situated on a 1.5-acre lot in Valley View, Ohio, presents a unique owner-user opportunity. Located at 5989 Canal Rd, 44125, this Class B property boasts a prime location adjacent to a high-volume Cinemark movie theatre, ensuring significant foot traffic and visibility. The vacant building is a single-story structure and offers a substantial value-add or redevelopment potential. Previously operating as a restaurant and bar, the property retains existing infrastructure including a hood system, cooler, and bar, significantly reducing initial investment costs. Its strategic location provides easy access to downtown Cleveland, surrounding suburbs, and major roadways. The area benefits from a dense population and proximity to significant commercial developments, including a large office park, Top Golf, and a substantial Amazon distribution center. This represents a rare chance to acquire a well-positioned property in a thriving commercial corridor with high growth potential. The asking price is $1,599,000, translating to $174.51 per square foot. The fee-simple ownership provides complete control and long-term investment security. This property is ideal for an owner-user seeking to establish a successful restaurant or bar in a high-traffic location with substantial existing infrastructure. The property's size and location offer significant upside potential for expansion or adaptation to various commercial uses.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2002
Construction TYPE NOT SPECIFIED
Total area 6,386 SF
Lot 2.08 ac (90,449 SF)
APN 571-20-004
UPID US66-1532105

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5989 Canal Rd Valley View, OH 44125-4231
Valley View metro Census 192900 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$658k
Blend (final) Blend
$300k

Owner & transaction history

since 2017
5 recorded transactions
2017
$28.1M
2009
Price N/A
2007
Price N/A
1969
Price N/A
1969
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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