21280 Lorain Rd

Investment Highlights

Great daytime foot and vehicle traffic Approved outdoor seating -- perfect for takeout quick service restaurant Fully renovated turnkey building

Executive Summary

Recently renovated (2017) free standing building with parking lot within prime section of Lorain Road in "downtown" Fairview Park. Located directly across the street from Cuyahoga County Public Library and Fairview Park High School. Building is currently used for food service and is licensed by the Cuyahoga County Board of Health. Perfect opportunity for a takeout restaurant concept or any retail use. Occupying business is NOT for sale. Please do not approach employees of current business. Business is looking for a larger location within Fairview Park. A deed restriction will accompany the sale restricting the retail use of Shaved Ice and Snow Cones business operations for a period of six years.2017 Renovations: -Exterior of building finished in rustic reclaimed Ohio barn-wood.-Exterior seating area established and permitted by the City of Fairview Park-Interior stripped down to the cinder blocks and reframed / drywalled-One Unisex ADA bathroom- New 3 ton HVAC system and all duct work-New 200 amp electrical panel including all new wiring-New 50 gallon commercial hot water tank-New Pella windows and commercial entry doors-New plumbing throughout-Parking lot resealed every 2 years with last sealing done in 2021Truly turnkey for many different business ventures!

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Storefront Retail/Office Storefront Retail/Office General Retail Fast Food General Retail Freestanding General Retail Storefront Storefront Retail/Office
• Building Size    926
• Building Class    C
• Year Built/Renovated    1952/2017
• Price    379,900
• Price Per SF    410
• Cap Rate    6.32
• NOI    24,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.11
• Land Acres    0.19 AC

• Air Conditioning