5348 E Lake RD new Save Request In-Person Tour Request Virtual Tour
Sheffield Lake,OH 44054
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Sunset Cc Allotment
MLS Listing ID 5109955
HOA Y/N No
Year Built 1996
Annual Tax Amount $15,324
Tax Year 2024
Lot Size 1.330 Acres
Acres 1.33
Property Sub-Type Retail
Property Description
This location is waiting for you and your investors to turn it into a destination spot on Lake Rd. There are multiple ways to stream revenue here. The main dining area is 1500 square feet and boasts a 53 foot long bar. There is a separate 600 square foot dining room that is prfect for smaller private events or overflow dining on busy nights. Another part of the building is a 1600 square foot banquet hall currenly leased month-to-month by a private billiards club. Yet another bar found in the basement could be the VIP lounge or green room for entertainmnt before they take the stage. Included inthis sale, to the west of the restaurant is another .63 acre lot that could be developed with outdoor volleyball or beautified green space for events. The right vision and capex can turn this location into a unique experience that people will travel to enjoy. Book your showing today.
Location
State OH
County Lorain
Rooms
Basement Full,Partially Finished
Interior
Heating Forced Air,Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features Parking Lot
Fence None
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Present Use Commercial
Building
Story 1
Foundation Basement
Sewer Public Sewer
Water Public
Level or Stories One
Schools
School District Sheffield-Sheffield - 4713
Others
Tax ID 03-00-033-104-012
Acceptable Financing Cash,Conventional,1031 Exchange,Other
Listing Terms Cash,Conventional,1031 Exchange,Other
Special Listing Condition Standard