Listed by Matthews
$595,000
Event Venue Opportunity
Details
Property Type Retail
Sub Type Event Venue
Square Footage 9,024
Net Rentable (SqFt) 9,024
Occupancy 100%
Tenancy Single
Price per SqFt $66
Class C
Year Built 1955
Buildings 1
Stories 1
Acreage 4.320
Zoning Highway Business
Retail | 9,024 SqFt | 8.25 Acres | Turnkey Event & Redevelopment Opportunity
Investment highlights
- Established Event & Entertainment Facility: Turnkey large entertainment complex featuring two banquet halls, full kitchen & bar, meeting rooms, and outdoor amenities—ready for immediate operations or enhancements in the event and hospitality space.
- Significant Land Footprint with Flexible Use: Approximately 4.32 acres zoned Highway Business, offering substantial room for expansion, additional parking, outdoor events, or repositioning into mixed-use, commercial, or hospitality concepts.
- Strategic Accessibility & Visibility: Prime location near State Route 10 and State Route 57, delivering easy regional access for event attendees, vendors, and guests from Cleveland, Lorain County, and surrounding northern Ohio markets.
- Growing Local Population & Business Environment: North Ridgeville ranks among northern Ohio’s fastest-growing communities, with strong residential and commercial development fueling rising demand for entertainment venues, banquets, corporate gatherings, and community spaces.
- Diverse Revenue & Redesign Opportunities: Beyond traditional events and banquets, the property can be adapted for concerts, corporate rentals, community activities, or other high-utilization uses—creating multiple diversified income streams and maximizing asset performance.
Listing Contacts
Listed by Matthews
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