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524 E Washington St
Chagrin Falls, OH 44022 South Russell

Price Upon Request

Restaurant For Sale  •  67,395 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 67,395 SF
  • Lot Size 2.87 AC
  • Building Class B
  • Year Built 1958
  • Tenancy Multiple
  • Zoning R-3A
40 Walk Score

Highlights

100% Occupied, Predominantly NNN, 3-Building Retail/Flex Asset: Exceptionally Affluent Market with Average Household Incomes Over $200,000
Long-Term Service-Oriented and Other Recession Proof Users Tenants: Recent Renewals, Extensions, Expansions and Leasing Activity
Top Rated Education System Countrywide: Chagrin Falls High School Rated in Newsweek's "Complete List of Top U.S. Schools"
All of the Tenants Have Either Signed a New Lease, Renewed, Expanded over the Last Three Years
Located 1-Mile from the Historic Downtown Chagrin Falls, Offering Shopping, Dining, Festivals, & Events
Surrounded by High-Class Residential Communities and Luxury Living with the Addition of Riverhaus Chagrin Falls of Brand-New Luxury Townhomes

Financial Summary (Proforma)

Net Operating Income: $547,191 USD (2022)

Amenities

  • 24 Hour Access
  • Signage
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Cleveland-Hopkins International 46 min - 28.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 45
Type: Surface
Included in Rent: Yes