365 200Th StEuclid, OH 44119

Property Details for 365 200Th St

Year built

1975

Construction

TYPE NOT SPECIFIED

Lot size

0.33 AC

Property size (Sq ft)

2,647 SF

Zone code

U4

Property type

Retail properties

Property subtype

Banks

APN

642-22-013

APU

64222013

Description

This exceptional mixed-use property in Euclid, Ohio, presents a rare opportunity for investors and owner-operators. The 2,700-square-foot brick building, previously a bank, sits on a highly visible 0.33-acre corner lot on East 200th Street, benefiting from approximately 5,000 vehicles passing daily. The property includes 17 dedicated parking spaces, ensuring convenient access. Its strategic location near Interstate 90 provides outstanding accessibility for both local residents and commuters. The building's robust construction promises low maintenance costs. This versatile space is ideal for a variety of retail uses, from fast-casual dining to general retail. The thriving Euclid community, with a population nearing 75,000 within a three-mile radius, offers a substantial customer base. The area boasts strong commercial synergy, with nearby national retailers including The Home Depot, Aldi, Chipotle, Dollar General, Dollar Tree, and Wendy's, generating consistent foot traffic. The property's potential is further enhanced by significantly reduced property taxes, approximately $10,000 annually. This is an excellent opportunity to acquire a well-located, adaptable property in a bustling community. The property is also available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $700,007

  6.5%

  $646,160

  7%

  $600,006

• Comparable approach

  Method

  Valuation

  Relative Method

  $623,953

  Geo Method

  $623,953

• Alternative Use

  Use

  Valuation

  Residential

  $545,060

  Hospitality

  $499,272

  Educational

  $415,389

  Medical

  $429,674

  Retail

  $646,160

Location Insight

City

Euclid

County

Cuyahoga

State

Ohio

Latitude

41.5965

Longitude

-81.5398

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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