5348 E Lake Rd - Restaurant FOR SALE


Sheffield Lake, OH 44054
$700,000 USD
440-822-8265
5348 E Lake Rd, Sheffield Lake, OH for Sale
$700,000 USD
Restaurant - FOR SALE
1/41
null | Request Cap Rate

5348 E Lake Rd
Sheffield Lake, OH 44054


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

Commercial

APN/PARCEL ID

03-00-033-104-011,03-00-033-104-012,03-00-033-104-019

ASK ABOUT THIS PROPERTY

Molly SzafranRussell Real Estate ServicesMore Info
440-822-8265

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Molly SzafranRussell Real Estate ServicesMore Info
440-822-8265

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