3.21 AC I-90 Retail Site | Liquor License Included

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3.21 AC I-90 Retail Site | Liquor License Included

Geneva, OH 44041
Asking Price
$1.50M
Asset Type
Retail
Class
Class B

What's Special

Strategically positioned at the Interstate 90 interchange, this 3.21-acre retail site offers high visibility in Geneva, Ohio. The property is situated within a developing commercial corridor characterized by travel centers, national hospitality brands, and local service providers. It serves as a primary gateway to the nearby Grand River Valley winery region and Geneva-on-the-Lake resort areas. Access is provided via direct proximity to the highway exit, facilitating regional traffic flow from major hubs like Cleveland and Erie. The site is suited for commercial development requiring high vehicle counts and regional accessibility. Ideal use cases include full-service restaurants, quick-service dining, or specialized hospitality ventures, supported by the inclusion of a liquor license. A typical tenant profile encompasses national retail operators, fuel center developers, or regional franchises seeking to capture both local commuter and seasonal tourist demographics. The expansive acreage allows for flexible site planning, including ample parking and drive-thru infrastructure.

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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179

Location & Travel Times