483 260Th StEuclid, OH 44132

Property Details for 483 260Th St

Year built

1937

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

3,740 SF

Zone code

U4

Property type

Warehouses

APN

645-26-013

APU

64526013

Description

This exceptional mixed-use property in Euclid, Ohio presents a lucrative investment opportunity. Located on a corner lot at 483 E 260th Street, this three-parcel, three-building complex encompasses 9,983 square feet on a 0.01-acre lot. The property boasts eight units: five ground-level commercial spaces and three residential apartments. Currently, the property enjoys 75% occupancy, generating a monthly income of $7,200. Tenants are responsible for their individual utilities, with a portion of water/sewer costs added to their rent. There is one vacant commercial space (the smallest) and one vacant one-bedroom residential unit. Each commercial space features its own bathroom and basement access. Significant recent improvements include a complete repouring of the ample concrete parking area in the rear, a project costing over $60,000 a few years ago. This investment also includes a newly enclosed garbage area and updated electrical panels. The property benefits from its strategic location on East 260th Street, providing easy access to Route 2 and Lakeshore Boulevard. Nearby amenities include a new school, medical facilities, and shopping centers, ensuring a strong client base for commercial tenants. This property offers a blend of stable income and significant upside potential for a savvy investor. The asking price is $485,000.

• Alternative Use

  Use

  Valuation

  Residential

  $770,127

  Hospitality

  $705,432

  Educational

  $586,911

  Medical

  $607,096

  Retail

  $912,973

Location Insight

City

Euclid

County

Cuyahoga

State

Ohio

Latitude

41.6136

Longitude

-81.5026

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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