3941 Erie St
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3941 Erie St
8,800 SF 4-Star Retail Building Willoughby, OH 44094 $3,595,000 ($409/SF)
Investment Highlights
- Sleek, freestanding microbrewery and restaurant exceptionally sited in the heart of Historic Downtown Willoughby.
- Situated over 1.56 acres with ample surface parking in the city’s bustling retail corridor.
- Surrounded by excellent demographics where the average household income is about $78,000 within a mile of the asset.
- Highly visible near a heavily trafficked intersection where major thoroughfares SR-20 and Erie Street meet.
- The two-story property features one of the best rooftop patios in the city with incredible river views.
- Residents expend over $388 million on food and alcohol in the community annually within a brief five-mile radius.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,800 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Price
$3,595,000
Price Per SF
$409
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.13
Lot Size
1.56 AC
Zoning
Commercial - 430 C- - RESTAURANT, CAFETERIA, AND/OR BAR
Parking
46 Spaces
Frontage
117 FT on Erie Street
Amenities
- Accent Lighting
- Roof Terrace
- Storage Space
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $322,080 | |
| Land Assessment | $103,870 | Total Assessment | $425,950 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$103,870
Improvements Assessment
$322,080
Total Assessment
$425,950
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3941 Erie St
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