940 Babbitt RdEuclid, OH 44123

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

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.

• 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

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