30426-30436 Euclid Ave - Storefront Retail/Office FOR SALE
Wickliffe, OH 44092 |
$1,190,000 USD
216-777-2153
30426-30436 Euclid Ave
Wickliffe, OH 44092
HIGHLIGHTS
- Value Add Component: This asset is just under 80% occupied, allowing a new owner to benefit from lease up efforts and extending leases.
- Short Term Leases & Lease Conversion: This property benefits from having short term leases and MG or G leases.
- Limited Day One Capital Expenditures: Owner has recently completed new exterior paint jobs, cosmetic façade improvements, and much more
- Well Below Replacement Cost: At below $50 PSF offering price, this asset is drastically below replacement cost.
- Strong Area Demographics: This asset is positioned in the heart of a very dense and high demographic trade area.
- This asset supports a market with a strong daytime population and heavy car traffic.
FOR SALE DETAILS
PRICE
$1,190,000 USD
PRICE/SF
$35 USD /SF
CAP RATE
6.79%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Wick-Willo Mall
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1974
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.81 AC
LAND SF
78,844 SF
ZONING
-
APN/PARCEL ID
29-B-003-G-00-038,29-B-003-G-00-039
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216-777-2153
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216-777-2153
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