3196 25Th StCleveland, OH 44109
- Industrial properties
- 6,072 SF
Property Details for 3196 25Th St
- Year built
- 1929
- Construction
- WOOD
- Lot size
- 0.10 AC
- Property size (Sq ft)
- 6,072 SF
- Zone code
- SI
- Property type
- Industrial properties
- Property subtype
- Other warehouses
- APN
- 007-34-027
- APU
- 734027
Description
This 9,108 square foot, two-story retail building in Cleveland, Ohio, presents a compelling investment opportunity. Located at 3196 W 25th St, it boasts a prime location, just minutes from Metro Health campus and the Tremont District. The property, built in 1929, sits on a 0.1-acre lot (APN 007-34-027) and is zoned for retail use. The building features four identical, recently renovated two-bedroom apartments, each currently generating rental income ($990, $990, $990, and $970 respectively). The substantial first-floor mixed-use space (requiring renovation) offers flexibility; it can be utilized as a single large unit or divided into two separate storefronts (plans available). A large basement (over 3,000 square feet) provides ample potential for additional income streams, such as a coin-operated laundry. The asking price is $325,000, translating to $35.68 per square foot. The all-brick structure is Lead Certified. This property offers significant potential for both rental income and future appreciation. Don't miss this chance to acquire a versatile, cash-flowing asset in a thriving Cleveland neighborhood.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $1,250,323
- Hospitality
- $1,145,289
- Educational
- $952,867
- Medical
- $985,638
- Retail
- $1,482,238
Location Insight
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Latitude
- 41.4675
- Longitude
- -81.7003
- 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
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