Property photo 1
37 photos
ActiveMLS# 523715169 days on market

$475,000

38257 Glenn Avenue

Willoughby, OH 44094

0 BD|0 BA|0 SQFT

About This Property

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

Property TypeCommercial
Year Built1900
Lot Size6,970 sqft
Days on Market69
MLS Number5237151

Noreen Kaseda

Sales Associate

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Est. Monthly Payment

$2,857

P&I: $2,402 | Tax: $336 | Insurance: $119

$475,000
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Loan Amount$380,000
Down Payment$95,000

Estimates are for informational purposes only. Tax and insurance amounts are approximations. Contact a mortgage lender for accurate quotes.

Location

38257 Glenn Avenue, Willoughby, OH 44094

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