330-475-5500
8112 Columbia Rd, Olmsted Falls, OH for Sale
Storefront Retail/Office - FOR SALE
1/21
null | Request Cap Rate

8112 Columbia Rd
Olmsted Falls, OH 44138


HIGHLIGHTS

  • Offered whole for the first time , real estate, operating events business, and three transferable liquor permits conveying together to one buyer
  • Anchor portfolio of 19 parcels / 26 structures , ~68,397 SF on 6.22 acres in the historic core of Olmsted Falls
  • Turnkey events platform , three venues, four bookable spaces, established brand, and a booked forward calendar
  • 97.5% occupied by a diversified base of ~30 local tenants across restaurants, retail, offices, and residences
  • Protected historic district , Historic Area Conservation District overlay; Grand Pacific Hotel individually listed on the National Register
  • Single ownership for 30+ years , assembled and restored building by building, offered whole for the first time

OVERVIEW

Grand Pacific Junction is the historic heart of Olmsted Falls, a walkable commercial district assembled and restored building by building over more than three decades of single ownership. For the first time, the district comes to market whole: the real estate, an established events business across three venues, and three transferable liquor permits, conveying together to one buyer. The next owner steps into a living, working downtown, roughly thirty local tenants across restaurants, retail, offices, and residences, anchored by a turnkey events operation with a booked forward calendar, rather than a renovation project. Protected by historic designation and held under one owner for decades, it is the kind of district that cannot be reassembled at any price. Full financial detail is available under a confidentiality agreement.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grand Pacific Junction

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1850

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.22 AC

LAND SF

270,943 SF

ZONING

C-3 (Community Commercial

APN/PARCEL ID

281-18-009,281-18-011,281-18-013,281-19-016,281-22-002,281-22-003,281-22-005,281-22-006,281-22-007,281-22-009,281-22-015,281-22-027,281-22-031,281-22-032,281-22-035,281-22-036,281-22-039,281-22-047,281-23-006

ASK ABOUT THIS PROPERTY

Nichole BookerSVN | Summit Commercial Real Estate AdvisorsMore Info
330-475-5500

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Nichole BookerSVN | Summit Commercial Real Estate AdvisorsMore Info
330-475-5500

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