28861 Euclid AveWickliffe, OH 44092
- Office properties
- 7,720 SF
Property Details for 28861 Euclid Ave
- Year built
- 1973
- Lot size
- 0.50 AC
- Property size (Sq ft)
- 7,720 SF
- Zone code
- GB
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 29-A-008-I-00-004-0
- APU
- 29A008I000040
Description
This exceptional 7,150 square foot mixed-use building in Wickliffe, Ohio, presents a compelling investment opportunity. The property, situated on a 0.496-acre lot at 28861 Euclid Ave, boasts 36 parking spaces and is zoned for General Business use. The two-story structure offers versatile space, ideal for a variety of uses. The ground level comprises two separate units: a 2,475 square foot owner's suite and a 1,100 square foot suite currently occupied by a month-to-month tenant. The lower level, encompassing 3,575 square feet, features a 10' x 10' drive-in door, a separate restroom, a small office area, and a large open space suitable for storage, display, or light manufacturing. This area is equipped with a Reznor heating system. The entire building is fully air-conditioned and benefits from 400 amp, 240-volt, 3-phase power. The building's design allows for subdivision into three separate units. Additional features include a glass block entrance, excellent curb appeal, and a highly visible location on US Route 20, minutes from Interstates 90 & 271 and SR 2, ensuring high traffic counts. The asking price is $435,000, translating to $60.84 per square foot. This property offers significant potential for a variety of businesses seeking a well-maintained, strategically located facility. The APN is 29A0081000040.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,388,827
- 6.5%
- $1,281,994
- 7%
- $1,190,424
-
Comparable approach
- Method
- Valuation
- Relative Method
- $722,129
- Geo Method
- $722,129
-
Alternative Use
- Use
- Valuation
- Residential
- $1,589,673
- Hospitality
- $1,456,132
- Educational
- $1,211,485
- Medical
- $1,253,150
- Retail
- $1,884,532
Location Insight
- City
- Wickliffe
- County
- Lake
- State
- Ohio
- Latitude
- 41.6019
- Longitude
- -81.4809
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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