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34465722
34465697

28908 Lake Shore Blvd, Willowick, OH 44095-4655 For Sale

DG
OH 2024006572
Gatto Group Inc
PT
OH 2024004253
Gatto Group Inc
Listed by Gatto Group Inc
$489,000
1 day on market
Updated 1 day ago

Retail / Industrial for Sale

Details
Property Type Retail, Industrial
Sub Type Warehouse
Square Footage 9,400
Units 5
NOI $36,391
Tenancy Multi
Year Built 1960
Buildings 2
Zoning Retail District (Sec. 1145)
Investment Type Value Add
Ground Lease No

Retail | 9,400 SqFt

Marketing description

This commercial offering presents a rare opportunity to acquire a two-building property featuring both retail and industrial space along the highly traveled Lake Shore Boulevard corridor in Willowick, Ohio. The property consists of approximately 9,400 square feet across two buildings, including three retail suites and two industrial units.

The retail building offers exceptional frontage, strong visibility, and convenient customer access, while the industrial building features functional warehouse space with two 10' x 10' drive-in doors, making it ideal for contractors, storage, distribution, or light manufacturing users. The property is zoned retail, with industrial use permitted through the City's conditional use approval process.

Ideal for investors or owner-users, the flexible layout offers multiple occupancy and income opportunities. With 30 on-site parking spaces, immediate access to SR-2 and I-90, and a well-established commercial location, the property is well positioned to serve a variety of businesses.

Investment highlights

  • Two-Building Commercial Portfolio
  • Owner-User or Investment Opportunity
  • Rental Rate Growth Opportunity
  • High-Visibility Retail Corridor
  • Established Commercial Location
  • Long-Term Tenancy
  • Excellent Accessibility
  • Value-Add Potential
  • Ample Parking

Listing Contacts

DG
OH 2024006572
Gatto Group Inc
PT
OH 2024004253
Gatto Group Inc
Listed by Gatto Group Inc

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,391.00
$3,032.58/mo

Valuation Metrics

0
DSCR
7.44%
Cap Rate
7.44%
ROI

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Additional Information

Name
Donny Gatto
License
2024006572
Brokerage
Gatto Group
Brokerage Phone
216-621-1800
Title
Real Estate Salesperson
Name
Paul Tretter
License
2024004253
Brokerage
Gatto Group, Inc
Brokerage Phone
216-621-1800
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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