1248 High StFairport Harbor, OH 44077

Property Details for 1248 High St

Year built

1999

Lot size

0.86 AC

Property size (Sq ft)

6,000 SF

Property type

Retail properties

Property subtype

Strip malls

APN

14-A-025-0-00-027-0

APU

14A0250000270

Description

This exceptional retail opportunity is located at 1248 High St in Fairport Harbor, Ohio, within Steele's Plaza. The entire 850 square foot space is currently vacant and ready for immediate occupancy. This presents a unique chance for a business to establish a presence in a desirable Lake County location. The property is classified as retail and features multiple tenancy options, making it suitable for a variety of businesses. The address is easily accessible, situated at 1248 High St, in the vibrant Fairport Harbor community, zip code 44077. The building's total square footage is 850 square feet, offering ample space for a variety of retail uses. The property's convenient location within Lake County, Ohio, provides excellent visibility and accessibility for customers. This is an ideal space for a business seeking a high-traffic location with significant potential for growth. The property is available for lease, offering a blank canvas for a new tenant to create their ideal retail environment. Interested parties are encouraged to inquire further to explore the possibilities of establishing their business in this prime location. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. This is a rare opportunity to secure a well-located retail space in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,586,717

  6.5%

  $1,464,662

  7%

  $1,360,043

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,414,325

  Geo Method

  $1,414,325

• Alternative Use

  Use

  Valuation

  Residential

  $1,235,497

  Hospitality

  $1,131,709

  Educational

  $941,568

  Medical

  $973,950

  Retail

  $1,464,662

Location Insight

City

Fairport Harbor

County

Lake

State

Ohio

Latitude

41.7387

Longitude

-81.2688

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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