4126 ERIE ST WILLOUGHBY OH 44094-7867
About This Property
Marketing description
This offering presents a rare opportunity to acquire a fully
leased mixed-use asset located in the heart of Downtown
Willoughby along the primary retail corridor, just steps from
restaurants, bars, shops, and other walkable amenities.
Properties of this scale and location rarely come to market,
particularly with stable in-place cash flow and future upside.
The property consists of 11 total units, including 2 ground-floor
commercial spaces and 9 residential units across the upper two
floors, providing a diversified income stream. The retail
component is anchored by long-term tenants, including an
established law firm and retail user, offering stability at the
foundation of the investment. The residential units benefit from
strong demand and under-market rents, presenting a clear
opportunity for future rent growth.
The asset benefits from exceptional visibility, limited competing
supply, and the added advantage of rear parking—an uncommon
amenity in Downtown Willoughby. With 100% occupancy, stable
in-place income, and upside through rental growth, the
property offers both immediate cash flow and long-term
appreciation potential.
Investment highlights
Fully Stabilized | 100% Occupied Mixed-Use Asset
11 Total Units | 9 Residential, 2 Commercial
Strong Commercial Tenancy | Law Firm and Retail User
Below-Market Rents | Opportunity for Revenue Growth
Diversified Income | Residential and Commercial Tenancy
Prime Downtown Willoughby | Center of Retail Strip
Walkable Location | Surrounded by Dining and Amenities
Rear On-Site Parking | Rare Downtown Amenity
Limited Supply | Rare Downtown Mixed-Use Opportunity
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