17801-17815 Euclid Ave - Retail FOR SALE


Cleveland, OH 44112- Euclid-Green
$274,900 USD
440-552-5858
17801-17815 Euclid Ave, Cleveland, OH for Sale
$274,900 USD
Retail - FOR SALE
1/5
null | 13.01% Cap Rate

17801-17815 Euclid Ave
Cleveland, OH 44112
Euclid-Green


HIGHLIGHTS

  • Seller Financing available to qualified purchasers with 25% down, 6.0% Interest (6.0% APR), 25 year amortization, balloon payment in 36 mos.
  • Projected Cap Rate at 100% Occupancy with a $10,000 per suite renovation is 13.01% at the Asking Price of $274,900
  • Property is Vacant and offers a quick start of renovation
  • Excellent Value Add Opportunity to renovate and reposition to maximize value.

OVERVIEW

Green Bridge Real Estate is pleased to present the Euclid Wayside Retail Plaza an approx. 14,700 Sq.Ft., 8 Suite Retail Strip Center on .328 Acres located at 17801-15 Euclid Avenue in the Euclid-Green Neighborhood of Cleveland. For Sale $274,900.00 or $34,375 per suite. Built in 1920 and renovated around 1975. The Plaza consists of 6 approx. 2,100 Sq.Ft. suites and 2 approx. 1,050 Sq.Ft. suites. Each Unit has basement/storage/mechanical area with egress counted in its square footage. 123’ of frontage on Euclid Avenue and 110’ on Wayside Road. Approximately 14 surface parking spaces. Excellent Value Add Opportunity to renovate and reposition to maximize value. Currently Vacant and requiring renovations. For estimation and demonstration purposes, estimates for renovations are shown at $10,000 to $20,000 per suite depending on finish and costs. Please use your own estimates. Former Tenants included the Lotus Mini-Mart, a 6,000 sq.ft. grocer / convenience store; SubCity and Hair and Nail Salons. Submetered Gas (Forced air Heat) and Electric. First position Seller Financing is available to qualified purchasers with 25% down, 6.0% Interest (6.0% APR), 25 year amortization, balloon payment due in 36 months, monthly principal and interest payments with an additional real estate tax escrow. Projected Cap Rate at 100% Occupancy with a $10,000 per suite renovation is 13.01% at the Asking Price of $274,900. The property is located on Euclid Avenue, a main City thoroughfare, and is 6 miles from University Circle, 8 miles from Downtown Cleveland, 3 miles from all NE Ohio Major Highways I-90, I-490, I-77 and St.Rt. 2.

FOR SALE DETAILS

PRICE

$274,900 USD

PRICE/SF

$32 USD /SF

CAP RATE

13.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

EUCLID WAYSIDE RETAIL PLAZA

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

LR

APN/PARCEL ID

117-07-021

ASK ABOUT THIS PROPERTY

Matthew KingGreen Bridge Real EstateMore Info
440-552-5858

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Matthew KingGreen Bridge Real EstateMore Info
440-552-5858

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.