Log In/Sign Up
Your email has been sent.
5348 E Lake Rd 8,570 SF Retail Building Sheffield Lake, OH 44054 $700,000 ($81.68/SF)
Executive Summary
This location is waiting for you and your investors to turn it into a destination spot on Lake Rd. There are multiple ways to stream revenue here. The main dining area is 1500 square feet and boasts a 53 foot long bar. There is a separate 600 square foot dining room that is prfect for smaller private events or overflow dining on busy nights. Another part of the building is a 1600 square foot banquet hall currenly leased month-to-month by a private billiards club. Yet another bar found in the basement could be the VIP lounge or green room for entertainmnt before they take the stage. Included inthis sale, to the west of the restaurant is another .63 acre lot that could be developed with outdoor volleyball or beautified green space for events. The right vision and capex can turn this location into a unique experience that people will travel to enjoy. Book your showing today.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,570 SF
Building Class
B
Year Built
1970
Price
$700,000
Price Per SF
$81.68
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.35 AC
Zoning
Commercial - Commercial
Parking
60 Spaces (7.58 Spaces per 1,000 SF Leased)
Frontage
171’ on Lake Rd
Amenities
- Restaurant
- Security System
- Signage
- Storage Space
- Air Conditioning
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $195,790 | |
| Land Assessment | $23,716 | Total Assessment | $219,506 |
Property Taxes
Parcel Numbers
Land Assessment
$23,716
Improvements Assessment
$195,790
Total Assessment
$219,506
1 of 42
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
5348 E Lake Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.