3196 25Th StCleveland, OH 44109

  • Industrial properties
  • 6,072 SF
For Sale
$325,000 View listing

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
3196 25Th St, Cleveland, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,768
$6,650
$51,100
$57,750
-
$19,000
$146,000
$165,000

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