3941 Erie St - Restaurant FOR SALE


Willoughby, OH 44094
$3,595,000 USD
216-990-2100
3941 Erie St, Willoughby, OH for Sale
$3,595,000 USD
Restaurant - FOR SALE
1/31
null | Request Cap Rate

3941 Erie St
Willoughby, OH 44094


HIGHLIGHTS

  • Sleek, freestanding microbrewery and restaurant exceptionally sited in the heart of Historic Downtown Willoughby.
  • Highly visible near a heavily trafficked intersection where major thoroughfares SR-20 and Erie Street meet.
  • Situated over 1.56 acres with ample surface parking in the city’s bustling retail corridor.
  • The two-story property features one of the best rooftop patios in the city with incredible river views.
  • Surrounded by excellent demographics where the average household income is about $78,000 within a mile of the asset.
  • Residents expend over $388 million on food and alcohol in the community annually within a brief five-mile radius.

OVERVIEW

3941 Erie Street is a freestanding microbrewery and restaurant prominently positioned at the heavily trafficked intersection of Erie Street, Vine Street, and US-20. This highly visible two-story building features an open-concept layout with indoor seating for 160 guests, perfect for a variety of dining experiences. The modernized property boasts one of the best rooftop patios in the city, accommodating 75 patrons, where locals and visitors can enjoy an exceptional outdoor dining experience. Parking is convenient, with an on-site lot allowing for easy ingress and egress. Located in the heart of Downtown Willoughby, this property is part of a premier destination in Northeast Ohio known for its unique day and nightlife offerings, including restaurants, bars, community activities, and vintage shopping. 3941 Erie Street is ideally situated to take advantage of the vibrant atmosphere and presents an exciting opportunity for a new owner to create a distinct venue in a thriving locale.

FOR SALE DETAILS

PRICE

$3,595,000 USD

PRICE/SF

$409 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

Commercial

APN/PARCEL ID

27-B-037-0-00-005,27-B-037-0-00-006

ASK ABOUT THIS PROPERTY

Mark ZervosPlatinum Real EstateMore Info
216-990-2100

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Mark ZervosPlatinum Real EstateMore Info
216-990-2100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.