38257 Glenn Avenue
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$599,000

38257 Glenn Avenue
Willoughby, OH 44094
Listed by Tim Cline · Platinum Real Estate
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

This is an exceptional opportunity to acquire SOL, a well-established upscale casual restaurant, bar, and event venue located in the heart of Historic Downtown Willoughby. This location benefits from a bustling downtown area surrounded by restaurants, bars, shops and community events. SOL has created a recognizable destination for great food, craft cocktails, entertainment, private events, and an inviting atmosphere. With an established customer base, experienced staff, strong operational systems, and multiple revenue streams in place, this is a turnkey opportunity for an owner-operator, restaurateur, hospitality group, or event-focused concept. The approximately 6,000-square-foot operation offers more than a traditional restaurant. The space features an attractive open concept kitchen, allowing guests to see the culinary experience, multiple dining/bar, private-event, and entertainment spaces designed to accommodate all needs. One of SOL's signature features is its large outdoor patio-gazebo area with a wood-burning fireplace. This provides an ideal setting for live music and events. The larger private dining area accommodates around 80 guests and includes projector and audio capabilities, making it ideal for meetings, business networking events, holiday parties, rehearsal dinners, fundraisers, and private celebrations. An additional event space accommodates approximately 40 guests and features its own fireplace, for more intimate events. SOL features a fully equipped kitchen, a D-6 liquor license, established operational systems, recognizable branding, experienced staff, and favorable lease terms. Ownership has invested significantly in equipment, systems, branding, atmosphere, guest experience- Opportunities for continued growth include expanded private-event bookings, corporate and networking events, catering, additional live music, expanded operating hours, wedding-related events, and increased digital marketing. Being offered as a business sale Only.

Property details

MLS #
5237151
Property type
Business
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
0.16 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Grant Elementary School
1.6 mi away · Grades 0-5
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
560
Student:teacher ratio
17.0:1
District
Willoughby-Eastlake City
Middle
Willoughby Middle School
1.55 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
565
Student:teacher ratio
13.8:1
District
Willoughby-Eastlake City
High
South High School
1.37 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,091
Student:teacher ratio
18.8:1
District
Willoughby-Eastlake City

Mortgage calculator

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Est. monthly payment
$3,757/mo
$119,800 down
$479,200 loan
Principal & interest$3,108
Property tax (est.)$499
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 3 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.