For Sale

Grand Pacific Junction

Columbia Rd,
Olmsted Falls, OH 44138
Represented by
SVN | Summit Commercial Real Estate Advisors

Asset Snapshot

Medical Office
Retail Subtype
1850
Year Built
6.22 Acres
Land Area
97.5%
Occupancy

Offering Summary

Investment Overview

Grand Pacific Junction is the historic heart of Olmsted Falls, a walkable commercial district assembled and restored building by building over more than three decades of single ownership. For the first time, the district comes to market whole: the real estate, an established events business across three venues, and three transferable liquor permits, conveying together to one buyer. The next owner steps into a living, working downtown, roughly thirty local tenants across restaurants, retail, offices, and residences, anchored by a turnkey events operation with a booked forward calendar, rather than a renovation project. Protected by historic designation and held under one owner for decades, it is the kind of district that cannot be reassembled at any price. Full financial detail is available under a confidentiality agreement.


Investment Highlights

  • 26 structures across 19 contiguous parcels, roughly 68,397 SF on about 6.22 acres
  • Turnkey events platform , three venues and four bookable spaces with a booked forward calendar
  • Three transferable Ohio liquor permits convey with the sale , two D-5 quota permits and one D-5I, two carrying the D-6 Sunday endorsement
  • 97.5% occupied by a diversified base of roughly thirty local tenants , restaurants, retail, offices, and two residences , with no single-tenant dependency
  • Protected by historic designation, within a designated Historic Area Conservation District, and the Grand Pacific Hotel is individually listed on the National Register of Historic Places
  • A walkable downtown destination, the recognized commercial heart of Olmsted Falls
  • 15 miles from downtown Cleveland, minutes from I-480, I-71, and Cleveland Hopkins International Airport

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Listing Syndicated From

Buildout
For Sale
Unlisted
Asking Price

Investment Sales Broker

Nichole Booker, PhD
SVN | Summit Commercial Real Estate Advisors