5989 Canal Rd, Valley View, OH 44125-4231
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.
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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
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.