Property Listing No Longer Available for Sale

38410 Lake Shore Blvd., Willoughby, OH

Others for Sale - $2,300,000 - 14,401 Sq. Ft. on 1 acres


Property Info

CIMLS#1093546
Location
  38410 Lake Shore Blvd.
  Willoughby OH 44094
UpdatedMay 8th, 2021
TypeOthers
Price$2,300,000
Building14,401 Sq. Ft.
Land1 acres

Property Description

Redevelopment Opportunity with historic anchor building to set the mixed-use development. Historic Willoughby at the Lake is anchored by the mixed-use property at 1066 Lost Nation and Lake Shore Blvd. This historic building sets the scene for the future expansion of the mixed-use theme. Mixed-use development is on the rise. Revitalization of community and neighborhood by bringing the community to retail in a new and fresh environment that compliments the historic nature of Willoughby at the Lake. Residential development, lakeshore parks, restaurants, and a nearby Executive Airport, exemplify a vibrant, growing community in Willoughby, Ohio.

Mixed-use developments encompass a blend of residential, and commercial real estate, so a proficient management service company and/or developer address the diverse needs of the entire community leading to higher quality tenants, shorter vacancy cycles, better processes, and improved support. The assembled properties located at the corner of Lost Nation and Lake Shore Blvd. offer this opportunity.

Sale and/or Ground Lease is anchored by an existing historic mixed-use building that is operational and profitable.

Properties are already zoned for mixed-use development.

Properties are already assembled and additional parcels owned by the City may be included.

Ground Lease Option is available for a negotiated term.

The existing mixed-use building along with the assembled parcels may be for lease.

The existing mixed-use building, tenants, and assembled parcels may be for sale.

The City is offering abatement programs for new construction.


Financials



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