5348 E Lake Road
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$675,000

5348 E Lake Road
Sheffield Lake, OH 44054
Listed by Molly Szafran · Russell Real Estate Services
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1996

About this home

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.

Property details

MLS #
5109955
Property type
Retail
Subdivision
Sunset Cc Allotment
Status
Active
Days on market
428
On market date
N/A
Stories
1
Garage spaces
N/A
Lot size
1.33 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Knollwood Elementary School
1.23 mi away · Grades 0-2
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
204
Student:teacher ratio
15.7:1
District
Sheffield-Sheffield Lake City
Middle
Troy Intermediate Elementary School
1.9 mi away · Grades 5-6
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
529
Student:teacher ratio
17.1:1
District
Avon Lake City
High
Brookside High School
2.31 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
459
Student:teacher ratio
17.0:1
District
Sheffield-Sheffield Lake City

Mortgage calculator

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Est. monthly payment
$4,215/mo
$135,000 down
$540,000 loan
Principal & interest$3,502
Property tax (est.)$563
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 14 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.