940 Babbitt RdEuclid, OH 44123
- Retail properties
- 6,086 SF
Property Details for 940 Babbitt Rd
- Year built
- 1994
- Lot size
- 5.60 AC
- Property size (Sq ft)
- 6,086 SF
- Zone code
- U4
- Property type
- Retail properties
- Property subtype
- Other automotive properties
- APN
- 643-19-026
- APU
- 64319026
Description
This exceptional Euclid, Ohio retail property, located at 940 Babbitt Rd, offers a total of 45,000 square feet of commercial space currently available for lease. The building is situated in Cuyahoga County, zip code 44123, and presents a unique opportunity for multiple tenants or a single large occupant. The property is categorized as a multi-tenant retail space, allowing for flexible lease arrangements to suit various business needs. Individual spaces range from a minimum of 6,000 square feet to a maximum contiguous space of 27,000 square feet, providing options for businesses of different sizes. The entire 45,000 square feet is currently vacant, presenting a blank canvas for a new tenant or a group of complementary businesses. This prime location in Euclid offers excellent visibility and accessibility, making it an ideal spot for retail operations seeking a strong presence in a thriving community. The property's size and flexibility make it suitable for a wide range of retail concepts, from large-format stores to smaller boutiques. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy. This is a rare opportunity to secure a significant retail presence in a desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,609,460
- 6.5%
- $1,485,656
- 7%
- $1,379,537
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,434,597
- Geo Method
- $1,434,597
-
Alternative Use
- Use
- Valuation
- Residential
- $1,253,206
- Hospitality
- $1,147,930
- Educational
- $955,064
- Medical
- $987,910
- Retail
- $1,485,656
Location Insight
- City
- Euclid
- County
- Cuyahoga
- State
- Ohio
- Latitude
- 41.5955
- Longitude
- -81.5152
- 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
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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