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3941 Erie St
Willoughby, OH 44094
Retail Property For Sale
Investment Highlights
- 8700 SF modern two-story building
- Zoned as C-M for flexibility
- Prime location in DTW, Northeast Cleveland area
- Constructed in 2016
- Unique Handcrafted Cocktails
- Ample space for various business needs
Executive Summary
PRIME LOCATION for investment opportunity in Historic Downtown Willoughby! Soon to open in April 2026. Ten Year Lease with an increase after year 5. 8,700 SF two-story building was constructed in 2016 for a state of the art gastropub, micro brewery, and fine dining restaurant. Double D's Smoke House and Honkytonk is fully equipped and located adjacent to the Chagrin River near a high traffic intersection with high visibility on Erie Street off of Route 20. Full liquor license, large open-concept kitchen, 2 full bars, brewery equipment, indoor seating up to 160, private office, restrooms on both levels, an elevator, and exclusive parking. The outdoor rooftop patio with fireplace is easily the best in the area, seating up to 75, overlooking the charming community of DTW. Experience Northeast Ohio's favorite destination for restaurants, bars, shopping, and year-round entertainment and activities!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,700 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Price
$2,800,000
Price Per SF
$321.84
Cap Rate
6%
NOI
$168,000
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.13
Lot Size
1.56 AC
Zoning
Commercial - 430 C- - RESTAURANT, CAFETERIA, AND/OR BAR
Parking
46 Spaces (5.29 Spaces per 1,000 SF Leased)
Frontage
117’ on Erie Street
Amenities
- Accent Lighting
- Roof Terrace
- Storage Space
- Air Conditioning
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