1448 49Th StCleveland, OH 44103

Property Details for 1448 49Th St

Year built

1900

Construction

TYPE NOT SPECIFIED

Lot size

0.16 AC

Property size (Sq ft)

6,302 SF

Zone code

SI

Property type

Auto shops

APN

104-09-069

APU

10409069

Description

This exceptional single-tenant property, located at 1448 E 49th St in Cuyahoga County, offers 6,000 square feet of versatile space ideal for retail or office use. Situated on a 0.156-acre lot, this Class C building, constructed in 1900, boasts a single story with a generous 12-foot ceiling height. The property benefits from a highly desirable SI-C2 zoning designation. Its unique position on the Ohio Technical College campus provides unparalleled access to a large student population and a skilled workforce. The strategic location offers easy access to major highways and public transportation, ensuring convenient commutes for employees and customers. This vibrant neighborhood is rich with diverse dining, entertainment, and cultural attractions. Furthermore, the property enjoys excellent proximity to Downtown Cleveland, providing easy access to the Rock and Roll Hall of Fame, major league sports venues, and Playhouse Square. The property's APN is 10409069. This is a sublease opportunity. This presents a rare chance to acquire a well-situated property in a thriving area with significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,666,582

  6.5%

  $1,538,384

  7%

  $1,428,499

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,485,512

  Geo Method

  $1,485,512

• Alternative Use

  Use

  Valuation

  Residential

  $1,297,684

  Hospitality

  $1,188,672

  Educational

  $988,961

  Medical

  $1,022,973

  Retail

  $1,538,384

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.5166

Longitude

-81.657

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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